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Pending Forms Changes - April 2016

Pending Changes in Bankruptcy Forms (Effective April 1, 2016)

Revised Dollar Amounts in Official Forms 106C, 107, 122A-2, 122C-2, 201, 207, 410; Director's Forms 2000 and 2830;
and certain instruction.

On April 1, 2016, automatic adjustments will be made to dollar amounts stated in various provisions of the Bankruptcy Code; one provision in Title 28, seven Official Bankruptcy Forms which contain adjusted dollar amounts, the Instructions for Individual and Non-Individual Debtors, two Director’s Forms which include dollar amounts, and one set of instructions for a Director’s Form which includes a dollar amount. The adjustments will apply to cases filed on or after April 1, 2016.

Section 104 of the Code provides that the Judicial Conference make the adjustments, which are calculated at three-year intervals on the basis of the change in the Consumer Price Index for the most recent three-year period ending immediately before the year in which the adjustment is made and rounded to the nearest $25.  The Conference has delegated that authority to the Administrative Office.  The revised dollar amounts were published on February 22, 2016, volume 81, number 34, of the Federal Register, at page 8,748. 

The Official Forms, Director’s Forms, and instructions impacted include: