Revision of Certain Dollar Amounts in the Bankruptcy Code Prescribed Under Section 104(b) of the Code, 7082-7083 [E7-2501]

Download as PDF 7082 Federal Register / Vol. 72, No. 30 / Wednesday, February 14, 2007 / Notices for public disclosure in their entirety. Public comments for the Refuge Criteria are now being accepted. Dated: February 8, 2007. Tracy Slavin, Program Management Branch Chief, MidPacific Region, Bureau of Reclamation. [FR Doc. E7–2518 Filed 2–13–07; 8:45 am] BILLING CODE 4310–MN–P JUDICIAL CONFERENCE OF THE UNITED STATES Revision of Certain Dollar Amounts in the Bankruptcy Code Prescribed Under Section 104(b) of the Code Judicial Conference of the United States. ACTION: Notice. AGENCY: SUMMARY: Certain dollar amounts in title 11 and title 28, United States Code, are increased. FOR FURTHER INFORMATION CONTACT: Francis F. Szczebak, Chief, Bankruptcy Judges Division, Administrative Office of the United States Courts, Washington, DC 20544, telephone (202) 502–1900. Section 104(b) of title 11, United States Code, provides the mechanism for an automatic 3-year adjustment of dollar amounts in certain sections of titles 11 and 28. Bankruptcy Reform Act of 1994, Public Law No. 103–394, § 108(e), (1994) as amended by Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, Public Law No. 109–8, § 102(j), (2005). The provision states: (b)(1) On April 1, 1998, and at each 3-year interval ending April 1 thereafter, each dollar amount in effect under [the designated sections of the Code] and section 1409(b) of title 28 immediately before such April 1 shall be adjusted— (A) To reflect the change in the Consumer Price Index for All Urban Consumers, published by the Department of Labor, for the most recent 3-year period ending immediately before January 1 preceding such April 1, and (B) To round to the nearest $25 the dollar amount that represents such change. (2) Not later than March 1, 1998, and at each 3-year interval ending on March 1, thereafter, the Judicial Conference of SUPPLEMENTARY INFORMATION: the United States shall publish in the Federal Register the dollar amounts that will become effective on such April 1 under sections 101(3), 101(18), 101(19A), 101(51D), 109(e), 303(b), 507(a), 522(d), 522(f)(3) and 522(f)(4), 522(n), 522(p), 522(q), 523(a)(2)(C), 541(b), 547(c)(9), 707(b), 1322(d), 1325(b), and 1326(b)(3) [of the Bankruptcy Code] and section 1409(b) of title 28. (3) Adjustments made in accordance with paragraph (1) shall not apply with respect to cases commenced before the date of such adjustments. Revision of Certain Dollar Amounts in Bankruptcy Code Notice is hereby given that the dollar amounts are increased in the sections in title 11 and title 28, United States Code, as set out in the following chart. These increases do not apply to cases commenced before the effective date of the adjustments, i.e., April 1, 2007. Official Bankruptcy Forms 6E and 10 also will be amended to reflect these adjusted dollar amounts. Dated: February 7, 2007. Francis F. Szczebak, Chief, Bankruptcy Judges Division. Dollar amount to be adjusted 28 U.S.C.: 1409(b)—a trustee may commence a proceeding arising in or related to a case to recover: (1)—money judgment of or property worth less than ............... (2)—a consumer debt less than ............................................... (3)—a non consumer debt against a non insider less than ..... 11 U.S.C.: Section 101(3)—definition of assisted person ................................. Section 101(18)—definition of family farmer ................................... 101(19A)—definition of family fisherman ......................................... 101(51D)—definition of small business debtor ................................ Section 109(e)—allowable debt limits for individual filing bankruptcy under chapter 13. New (adjusted) dollar amount ycherry on PROD1PC64 with PRELIMS (4)—in paragraph (4) ................................................................ (5)—in paragraph (5) ................................................................ (6)—in paragraph (6) ................................................................ (7)—in paragraph (8) ................................................................ (8)—in paragraph (11)(D) ......................................................... 522(f)(3)—exception to lien avoidance under certain state laws .... 522(f)(4)—items excluded from definition of household goods for lien avoidance purposes. VerDate Aug<31>2005 17:27 Feb 13, 2007 Jkt 211001 PO 00000 Frm 00077 Fmt 4703 $1,100 $16,425 $10,950 $150,000 ........................................ $3,237,000 (each time it appears) $1,500,000 (each time it appears) $2,000,000 (each time it appears) $307,675 (each time it appears) ... $164,250 $3,544,525 (each time $1,642,500 (each time $2,190,000 (each time $336,900 (each time it $922,975 (each time it appears) ... Section 303(b)—minimum aggregate claims needed for the commencement of involuntary chapter 7 or chapter 11 bankruptcy: (1)—in paragraph (1) ................................................................ (2)—in paragraph (2) ................................................................ Section 507(a)—priority expenses and claims (1)—in paragraph (4) ................................................................ (2)—in paragraph (5) ................................................................ (3)—in paragraph (6) ................................................................ (4)—in paragraph (7) ................................................................ Section 522(d)—value of property exemptions allowed to the debtor (1)—in paragraph (1) ................................................................ (2)—in paragraph (2) ................................................................ (3)—in paragraph (3) ................................................................ $1,000 ............................................ $15,000 .......................................... $10,000 .......................................... $1,010,650 (each time it appears) $12,300 .......................................... $12,300 .......................................... $13,475 $13,475 $10,000 .......................................... $10,000 .......................................... $4,925 ............................................ $2,225 ............................................ $10,950 $10,950 $5,400 $2,425 $18,450 .......................................... $2,950 ............................................ $475 ............................................... $9,850 ............................................ $1,225 ............................................ $975 ............................................... $9,250 ............................................ $1,850 ............................................ $9,850 ............................................ $18,450 .......................................... $5,000 ............................................ $500 (each time it appears) .......... $20,200 $3,225 $525 $10,775 $1,350 $1,075 $10,125 $2,025 $10,775 $20,200 $5,475 $550 (each time it appears) Sfmt 4703 E:\FR\FM\14FEN1.SGM 14FEN1 it appears) it appears) it appears) appears) Federal Register / Vol. 72, No. 30 / Wednesday, February 14, 2007 / Notices Dollar amount to be adjusted 522(n)—maximum aggregate value of assets in individual retirement accounts exempted. 522(p)—qualified homestead exemption ......................................... 522(q)—state homestead exemption ............................................... 523(a)(2)(C)—exceptions to discharge: in subclause (i)(I)—consumer debts, incurred ≤ 90 days before filing owed to a single creditor in the aggregate. in subclause (i)(II)—cash advances incurred ≤ 70 days before filing in the aggregate. 541(b)—property of the estate exclusions: (1)—in paragraph (5)(C)—education IRA funds in the aggregate. (2)—in paragraph (6)(C)—pre-purchased tuition credits in the aggregate. 547(c)(9)—preferences, trustee may not avoid a transfer if, in a case filed by a debtor whose debts are not primarily consumer debts, the aggregate value of property is less than. 707(b)—dismissal of a case or conversion to a case under chapter 11 or 13 (means test):. (1)—in paragraph (2)(A)(i)(I) ..................................................... (2)—in paragraph (2)(A)(i)(II) .................................................... (3)—in paragraph (2)(A)(ii)(IV) .................................................. (4)—in paragraph (5)(B) ........................................................... (5)—in paragraph 6(C) .............................................................. (6)—in paragraph 7(A) .............................................................. 1322(d)—contents of chapter 13 plan, monthly income .................. 1325(b)—chapter 13 confirmation of plan, disposable income ....... 1326(b)(3)—payments to former chapter 7 trustee ......................... [FR Doc. E7–2501 Filed 2–13–07; 8:45 am] BILLING CODE 2210–55–P DEPARTMENT OF JUSTICE Drug Enforcement Administration [OMB Number 1117–0042] Agency Information Collection Activities: Proposed Collection; Comments Requested 30-Day Notice of Information Collection Under Review National Clandestine Laboratory Seizure Report. ycherry on PROD1PC64 with PRELIMS ACTION: The Department of Justice (DOJ), Drug Enforcement Administration (DEA) has submitted the following information collection request to the Office of Management and Budget (OMB) for review and approval in accordance with the Paperwork Reduction Act of 1995. The proposed information collection is published to obtain comments from the public and affected agencies. This proposed information collection was previously published in the Federal Register Volume 71, Number 237, page 71555 on December 11, 2006, allowing for a 60 day comment period. The purpose of this notice is to allow for an additional 30 days for public comment until March 16, 2007. This process is conducted in accordance with 5 CFR 1320.10. Written comments and/or suggestions regarding the items contained in this VerDate Aug<31>2005 17:27 Feb 13, 2007 Jkt 211001 Frm 00078 Fmt 4703 New (adjusted) dollar amount $1,000,000 ..................................... $1,095,000 $125,000 ........................................ $125,000 ........................................ $136,875 $136,875 $500 ............................................... $550 $750 ............................................... $825 $5,000 ............................................ $5,475 $5,000 ............................................ $5,475 $5,000 ............................................ $5,475 $6,000 ............................................ $10,000 .......................................... $1,500 ............................................ $1,000 ............................................ $525 ............................................... $525 ............................................... $525 (each time it appears) .......... $525 (each time it appears) .......... $25 ................................................. $6,575 $10,950 $1,650 $1,100 $575 $575 $575 (each time it appears) $575 (each time it appears) $25 notice, especially the estimated public burden and associated response time, should be directed to the Office of Management and Budget, Office of Information and Regulatory Affairs, Attention Department of Justice Desk Officer, Washington, DC 20503. Additionally, comments may be submitted to OMB via facsimile to (202) 395–5806. Written comments and suggestions from the public and affected agencies concerning the proposed collection of information are encouraged. Your comments should address one or more of the following four points: —Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; —Evaluate the accuracy of the agencies estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; —Enhance the quality, utility, and clarity of the information to be collected; and —Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. PO 00000 7083 Sfmt 4703 Overview of This Information Collection (1) Type of Information Collection: Extension of a currently approved collection. (2) Title of the Form/Collection: National Clandestine Laboratory Seizure Report. (3) Agency form number, if any and the applicable component of the Department sponsoring the collection: Form number: EPIC Form 143. Component: El Paso Intelligence Center, Drug Enforcement Administration, U.S. Department of Justice. (4) Affected public who will be asked or required to respond, as well as a brief abstract: Primary: State, Local or Tribal Government. Other: None. Abstract: Records in this system are used to provide clandestine laboratory seizure information to the El Paso Intelligence Center, Drug Enforcement Administration, and other Law enforcement agencies, in the discharge of their law enforcement duties and responsibilities. (5) An estimate of the total number of respondents and the amount of time estimated for an average respondent to respond: There are ninety-two (92) total respondents for this information collection. Seven thousand three hundred twenty-eight (7328) responded using paper at 1 hour a response and one thousand one hundred sixty-three E:\FR\FM\14FEN1.SGM 14FEN1

Agencies

[Federal Register Volume 72, Number 30 (Wednesday, February 14, 2007)]
[Notices]
[Pages 7082-7083]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E7-2501]


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JUDICIAL CONFERENCE OF THE UNITED STATES


Revision of Certain Dollar Amounts in the Bankruptcy Code 
Prescribed Under Section 104(b) of the Code

AGENCY: Judicial Conference of the United States.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: Certain dollar amounts in title 11 and title 28, United States 
Code, are increased.

FOR FURTHER INFORMATION CONTACT: Francis F. Szczebak, Chief, Bankruptcy 
Judges Division, Administrative Office of the United States Courts, 
Washington, DC 20544, telephone (202) 502-1900.

SUPPLEMENTARY INFORMATION: Section 104(b) of title 11, United States 
Code, provides the mechanism for an automatic 3-year adjustment of 
dollar amounts in certain sections of titles 11 and 28. Bankruptcy 
Reform Act of 1994, Public Law No. 103-394, Sec.  108(e), (1994) as 
amended by Bankruptcy Abuse Prevention and Consumer Protection Act of 
2005, Public Law No. 109-8, Sec.  102(j), (2005). The provision states: 
(b)(1) On April 1, 1998, and at each 3-year interval ending April 1 
thereafter, each dollar amount in effect under [the designated sections 
of the Code] and section 1409(b) of title 28 immediately before such 
April 1 shall be adjusted--
    (A) To reflect the change in the Consumer Price Index for All Urban 
Consumers, published by the Department of Labor, for the most recent 3-
year period ending immediately before January 1 preceding such April 1, 
and
    (B) To round to the nearest $25 the dollar amount that represents 
such change.
    (2) Not later than March 1, 1998, and at each 3-year interval 
ending on March 1, thereafter, the Judicial Conference of the United 
States shall publish in the Federal Register the dollar amounts that 
will become effective on such April 1 under sections 101(3), 101(18), 
101(19A), 101(51D), 109(e), 303(b), 507(a), 522(d), 522(f)(3) and 
522(f)(4), 522(n), 522(p), 522(q), 523(a)(2)(C), 541(b), 547(c)(9), 
707(b), 1322(d), 1325(b), and 1326(b)(3) [of the Bankruptcy Code] and 
section 1409(b) of title 28.
    (3) Adjustments made in accordance with paragraph (1) shall not 
apply with respect to cases commenced before the date of such 
adjustments.

Revision of Certain Dollar Amounts in Bankruptcy Code

    Notice is hereby given that the dollar amounts are increased in the 
sections in title 11 and title 28, United States Code, as set out in 
the following chart. These increases do not apply to cases commenced 
before the effective date of the adjustments, i.e., April 1, 2007. 
Official Bankruptcy Forms 6E and 10 also will be amended to reflect 
these adjusted dollar amounts.

    Dated: February 7, 2007.
Francis F. Szczebak,
Chief, Bankruptcy Judges Division.

------------------------------------------------------------------------
                                   Dollar amount to     New (adjusted)
                                      be adjusted        dollar amount
------------------------------------------------------------------------
28 U.S.C.:
    1409(b)--a trustee may
     commence a proceeding
     arising in or related to a
     case to recover:
        (1)--money judgment of    $1,000............  $1,100
         or property worth less
         than.
        (2)--a consumer debt      $15,000...........  $16,425
         less than.
        (3)--a non consumer debt  $10,000...........  $10,950
         against a non insider
         less than.
11 U.S.C.:
    Section 101(3)--definition    $150,000..........  $164,250
     of assisted person.
    Section 101(18)--definition   $3,237,000 (each    $3,544,525 (each
     of family farmer.             time it appears).   time it appears)
    101(19A)--definition of       $1,500,000 (each    $1,642,500 (each
     family fisherman.             time it appears).   time it appears)
    101(51D)--definition of       $2,000,000 (each    $2,190,000 (each
     small business debtor.        time it appears).   time it appears)
    Section 109(e)--allowable     $307,675 (each      $336,900 (each
     debt limits for individual    time it appears).   time it appears)
     filing bankruptcy under
     chapter 13.
                                  $922,975 (each      $1,010,650 (each
                                   time it appears).   time it appears)
    Section 303(b)--minimum
     aggregate claims needed for
     the commencement of
     involuntary chapter 7 or
     chapter 11 bankruptcy:
        (1)--in paragraph (1)...  $12,300...........  $13,475
        (2)--in paragraph (2)...  $12,300...........  $13,475
    Section 507(a)--priority
     expenses and claims
        (1)--in paragraph (4)...  $10,000...........  $10,950
        (2)--in paragraph (5)...  $10,000...........  $10,950
        (3)--in paragraph (6)...  $4,925............  $5,400
        (4)--in paragraph (7)...  $2,225............  $2,425
    Section 522(d)--value of
     property exemptions allowed
     to the debtor
        (1)--in paragraph (1)...  $18,450...........  $20,200
        (2)--in paragraph (2)...  $2,950............  $3,225
        (3)--in paragraph (3)...  $475..............  $525
                                  $9,850............  $10,775
        (4)--in paragraph (4)...  $1,225............  $1,350
        (5)--in paragraph (5)...  $975..............  $1,075
                                  $9,250............  $10,125
        (6)--in paragraph (6)...  $1,850............  $2,025
        (7)--in paragraph (8)...  $9,850............  $10,775
        (8)--in paragraph         $18,450...........  $20,200
         (11)(D).
    522(f)(3)--exception to lien  $5,000............  $5,475
     avoidance under certain
     state laws.
    522(f)(4)--items excluded     $500 (each time it  $550 (each time it
     from definition of            appears).           appears)
     household goods for lien
     avoidance purposes.

[[Page 7083]]

 
    522(n)--maximum aggregate     $1,000,000........  $1,095,000
     value of assets in
     individual retirement
     accounts exempted.
    522(p)--qualified homestead   $125,000..........  $136,875
     exemption.
    522(q)--state homestead       $125,000..........  $136,875
     exemption.
    523(a)(2)(C)--exceptions to
     discharge:
        in subclause (i)(I)--     $500..............  $550
         consumer debts,
         incurred <= 90 days
         before filing owed to a
         single creditor in the
         aggregate.
        in subclause (i)(II)--    $750..............  $825
         cash advances incurred
         <= 70 days before
         filing in the aggregate.
    541(b)--property of the
     estate exclusions:
        (1)--in paragraph         $5,000............  $5,475
         (5)(C)--education IRA
         funds in the aggregate.
        (2)--in paragraph         $5,000............  $5,475
         (6)(C)--pre-purchased
         tuition credits in the
         aggregate.
    547(c)(9)--preferences,       $5,000............  $5,475
     trustee may not avoid a
     transfer if, in a case
     filed by a debtor whose
     debts are not primarily
     consumer debts, the
     aggregate value of property
     is less than.
    707(b)--dismissal of a case
     or conversion to a case
     under chapter 11 or 13
     (means test):.
        (1)--in paragraph         $6,000............  $6,575
         (2)(A)(i)(I).
        (2)--in paragraph         $10,000...........  $10,950
         (2)(A)(i)(II).
        (3)--in paragraph         $1,500............  $1,650
         (2)(A)(ii)(IV).
        (4)--in paragraph (5)(B)  $1,000............  $1,100
        (5)--in paragraph 6(C)..  $525..............  $575
        (6)--in paragraph 7(A)..  $525..............  $575
    1322(d)--contents of chapter  $525 (each time it  $575 (each time it
     13 plan, monthly income.      appears).           appears)
    1325(b)--chapter 13           $525 (each time it  $575 (each time it
     confirmation of plan,         appears).           appears)
     disposable income.
    1326(b)(3)--payments to       $25...............  $25
     former chapter 7 trustee.
------------------------------------------------------------------------

[FR Doc. E7-2501 Filed 2-13-07; 8:45 am]
BILLING CODE 2210-55-P
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