MISCELLANEOUS INFO


Dollar Amounts in Various Sections of Bankruptcy Code to Change on April 1 *

Automatic adjustments to the dollar amounts in various sections [Section 109(e); Section 303(b); Section 507(a); Section 522(d); Section 523(a)(2)(C)] of the Bankruptcy Code will become effective on April 1, 2001.  These changes will apply to cases filed on or after April 1, 2001.  Below are the sections and changes in the dollar amounts that will become effective on April 1:

Section 109(e) allowable debt limits for filing under Chapter 13 - increases from $269,250 to $290,525 and from $807,750 to $871,550.

Section 303(b) minimum aggregate claims needed to start an involuntary -
    in Paragraph (1) increases from $10,775 to $11,625
    in Paragraph (2) increases from $10,775 to $11,625

Section 507(a) priority claims
    in Paragraph (3) increases from $4,300 to $4,650
    in Paragraph (4)(B)(i) increases from $4,300 to $4,650
    in Paragraph (5) increases from $4,300 to $4,650
    in Paragraph (6) increases from $1,950 to $2,100

Section 522(d) exemptions allowed to the debtor
    in paragraph (1) increases from $16,150 to $17,425
    in paragraph (2) increases from $2,575 to $2,775
    in paragraph (3) increases from $425 to $450 and from $8,625 to $9,300
    in paragraph (4) increases from $1,075 to $1,150
    in paragraph (5) increases from $850 to $925 and from $8,075 to $8,725
    in paragraph (6) increases from $1,625 to $1,750
    in paragraph (8) increases from $8,625 to $9,300
    In paragraph (11)(D) increases from $16,150 to $17,425

Section 523(a)(2)(C) luxury goods or cash advances - increases from $1,075
to $1,150

*As published on the American Bankruptcy Institute web site (www.abiworld.org).



 Amendments to the Federal Rules of Bankruptcy Procedure Effective December 1, 2000

Amendments to Bankruptcy Rules 1017(e), 2002(a), 4003(b), 4004(c), and 5003(e)-(f) are in effect as of December 1, 2000.

    Rule 1017(e) is amended to permit the court, for cause, to grant a timely
request by the United States trustee for an extension of time to file a motion
to dismiss a chapter 7 case under section 707(b), whether the court rules on
the request before or after the expiration of the 60-day time limit for filing the
extension request.

    Rule 2002(a)(6) is amended to increase the dollar amount from $500 to
$1000 and to clarify that notice is required only if the request for compensa-
tion or reimbursement is for more than $1000.

    Rule 4003(b) is amended to permit the court, for cause, to grant a timely
request for an extension of time to object to a list of claimed exemptions,
whether the court rules on the request before or after the expiration of the 30-
day time limit for filing an objection.

    Rule 4004(c)(1) is amended to delay the granting of a chapter 7 discharge
pending the determination of a motion for an extension of time to file a mo-
tion to dismiss the case under section 707(b).

    Rule 5003 is amended to permit the United States and the state in which
the court is located to file statements designating safe harbor mailing address-
es for notice purposes and requiring the clerk to maintain a register of these
addresses.



RECENT GENERAL PROCEDURE ORDERS REGARDING REASSIGNMENT OF CASES:

GENERAL PROCEDURE ORDER NUMBER 2001-2
GENERAL PROCEDURE ORDER NUMBER 2001-3