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CHAPTER 13 DEBT LIMITS INCREASED

ADMINISTRATIVE OFFICE OF THE U.S. COURTS ANNOUNCES INCREASES IN VARIOUS DEBT LIMITS

As of April 1, 2004 the eligibility debt limits for Chapter 13 pursuant to 11 U.S.C. § 109(e) are raised. The new limits are:
Uncontingent, liquidated unsecured debts … $307,675.

Uncontingent, liquidated secured debts …… $922,975

New limits for exemptions under 11 U.S.C. § 522(d):
Section 522(d)–value of property
exemptions allowed to the debtor:
(1)–in paragraph (1)…………… 18,450

(2)–in paragraph (2)…………… 2,950

(3)–in paragraph (3)…………… 475

9,850

(4)–in paragraph (4)…………… 1,225

(5)–in paragraph (5)…………… 975

9,250

(6)–in paragraph (6)…………… 1,850

(7)–in paragraph (8)…………… 9,850

(8)–in paragraph (11)(D)………. 18,450

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