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United States Bankruptcy Court Alert

April 3, 2019

A reminder that for new cases filed on or after April 1, 2019, dollar amounts in the Bankruptcy Code are increasing. On February 12, 2019 the Judicial Conference of the United States published an official notice announcing the changes to the dollar amounts.

 

To account for inflation, Section104(a) of Title 11 of the United States Code provides a mechanism for automatic adjustments every three years to the dollar amounts in certain sections of the Bankruptcy Code. These adjustments affect certain sections of both Title 11 and Title 28 by changing the values identified in the Bankruptcy Code relating to statutory minimums for recovery, definitions, exceptions, or exemptions - just to name a few. A full table of the sections affected is provided in the notice in the Federal Register. In addition, seven Official Bankruptcy Forms and Two Director's Forms will be amended to reflect the adjusted dollar amounts.

 

JDSUPRA Blog Article

 

Federal Register Listing

Curran Antonelli represents a broad range of businesses and corporate entities, private equity funds, as well as governmental agencies and other interested parties in all phases of the bankruptcy process and in bankruptcy related transactions and litigation.  As advocates and trusted business advisors, our well-established foundation of knowledge and understanding of our clients’ business interests, enables our attorneys to deliver unparalleled individualized attention to our clients of all sizes with their litigation and corporate transactional needs.

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