Adjustment of Certain Dollar Amounts Applicable to Bankruptcy Cases

ADJUSTMENT OF CERTAIN DOLLAR AMOUNTS APPLICABLE TO BANKRUPTCY CASES

On April 1, 2025, the adjustment of the dollar amounts in various sections of Title 11, United States Code (the Bankruptcy Code), and in one section of Title 28 of the United States Code, will become effective pursuant to 11 U.S.C. § 104 and apply to cases filed on or after that date.

The new (adjusted) dollar amounts reflect a 13.2004% increase, rounded to the nearest $25. This is the change in the Consumer Price Index for all Urban Consumers from December 2021 to December 2024. (11 U.S.C. § 104(a)(1)).  The adjusted dollar amounts were published on February 4, 2025, in volume 90, number 22, pages 8941-8942 of the Federal Register. Please note that, due to a misprint in the Federal Register, a correction was made on February 25, 2025, to the dollar amounts listed there for 28 U.S.C. § 1409(b).

AFFECTED SECTIONS. The adjusted dollar amounts will affect, among other matters:

• eligibility to file a case under chapters 12 and 13 of the Bankruptcy Code;
• definition of a small business debtor;
• maximum values of certain property that a debtor may claim as exempt;
• maximum amounts of certain claims entitled to priority;
• calculation of the “means test” for chapter 7 debtors;
• duration of certain chapter 13 plans;
• minimum aggregate value of claims needed to commence an involuntary bankruptcy case;
• minimum value for certain preference actions;
• value of consumer debts for luxury goods and services presumed to be nondischargeable; and
• where the trustee may commence certain proceedings.

A table showing the affected sections of the Bankruptcy Code and the one section in Title 28, with the current and adjusted dollar amounts in those sections, is linked here: ADJUSTED DOLLAR AMOUNT TABLE.

AFFECTED FORMS. Seven (7) Official Bankruptcy Forms and two (2) Director’s Forms that incorporate the dollar amounts will be updated on April 1, 2025. The forms have been posted to uscourts.gov on the Pending or Recent Changes in the Bankruptcy Forms page.

• Official Form 106C, Schedule C: The Property You Claim as Exempt;
• Official Form 107, 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 Filing for Bankruptcy;
• 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).

The revised forms will be effective on April 1, 2025, and they will apply to cases filed on or after that date.   Once effective, the revised forms will be available on the Bankruptcy Forms page.