Tuesday, March 8, 2022
On April 1, 2022, automatic adjustments to the dollar amounts stated in various provisions of the Bankruptcy Code and one provision in Title 28 of the United States Code will become effective. The adjusted dollar amounts will apply to cases filed on or after April 1, 2022.
The Bankruptcy Code provides for automatic adjustment of certain dollar amounts at three-year intervals. The relevant provisions are codified in 11 U.S.C. § 104(a). These adjustments impact seven Official Forms, two Director’s Forms and certain instructions that contain references to several of the affected dollar amounts. The revised forms are:
- Official Form 106C, The Property You Claim as Exempt;
- Official Form 107, Your Statement of Financial Affairs for Individuals Filing for Bankruptcy;
- Official Form 122A-2, Chapter 7 Means Test Calculation;
- Official Form 122C-2, Chapter 13 Calculation of Your Disposable Income;
- Official Form 201, Voluntary Petition for Non-Individuals Filing for Bankruptcy;
- Official Form 207, Statement of Financial Affairs for Non-Individuals;
- Official Form 410, Proof of Claim;
- Director’s Form 2000, Required Lists, Schedules, Statements, and Fees; and
- Director’s Form 2830, Chapter 13 Debtor's Certifications Regarding Domestic Support Obligations and Section 522(q);
- Instructions for Individual Debtors;
- Instructions for Non-Individual Debtors;
- Instructions for Director’s Form 2500E, Summons to Debtor in Involuntary Case