Written by: Realm  |  Published on: March 3rd, 2010  |  Category: Uncategorized

Chapter 13 Bankruptcy Debt Limits Increase April 1, 2010: Chapter 13 Debt Limits will go from $336,900 to $360,475 for liquidated, unsecured debt. For liquidated, secured debt, the limits will increase from $1,010,650 to $1,081,400.

California Homestead Exemptions Increase: California Homestead Exemption went up to: $75,000 from $50,000 for single homeowner, $100,000 from $75, 000 for family unit, and from $150,000 to $175,000 for debtors who are 65 years or older and/or make less than approximately $20,000/year.

Effective March 15, the following means test figures are being adjusted:
** IRS’s National Standards for Allowable Living Expenses and Local Standards for Transportation and Housing and Utilities Expenses
** Census Bureau’s Median Family Income Data
** Administrative Expense Multipliers determined by The Executive Office for U.S. Trustees
The new figures are available on the US Trustee website:

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