Ch. 13 Debt Limits Exemption Limits Raised

As of April 1, 2004, the eligibility debt limits for chapter 13 pursuant to 11 USC §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 USC §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 and $9,850
  4. in paragraph (4)—$1,225
  5. in paragraph (5)—$975 and $9,250
  6. in paragraph (6)—$1,850
  7. in paragraph (8)—$9,850
  8. in paragraph (11)(D)—$18,450

These dollar amounts adjust every three years on April 1.