"California Chapter 13 Forms"
To initiate a California bankruptcy plan under Chapter 13, a petition must be filed, supplemented by complete list of creditors and
related documents and schedules. Many courts today accept only forms prepared electronically on official forms and
further require either online filing or submission on
computer diskette.
| Effective as of December 1, 2003, the official forms required in Chapter 13 hanged.
Previously, social security numbers were published within documents and schedules a were available to the
public. The current
changes prohibit this practice. The person responsible for filing documents, and not the Clerk's Office,
trustee
or the courts, is responsible for insuring the privacy of debtors. |
The California Bankruptcy Courts adopted new statutory limits (dollar amounts) within Title 11 of the U.S.
Code. Section 109(e) - the allowable debt limit for unsecured debt is increased to $307,675. The allowable
debt limit for secured liabilities is increased to $922,975. The minimum aggregate claims need to commence an
involuntary petition under Section 303(b) is increased to $12,300. Exemptions provided by Section 522 are also
increased. The maximum value of homestead equity that may be claimed is increased to $18,450. Other exemption
increases include paragraphs (2) through (8). Luxury goods and services obtained within 60 days before filing
are nondischargeble, if exceeding the newly amended amount of $1,225. These amounts are adjusted automatically
by California bankruptcy courts every three years.
Back to California Bankruptcy words & phrases.
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