Release Notes – April 1, 2019

| Release Notes

The Census Bureau Median Family Income Data for Form 122 are revised effective April 1st, 2019. Users can view the new figures in the program by changing the anticipated filing date to April 1st, 2019 or later on the Income tab under Form 122. 

Visit the U.S. Trustee’s Means Testing website for more information regarding the revisions.

 

Forms Updates

 

Chapter 13 Plans
  • Southern District of Alabama- revised effective 04/01/2019
  • Middle District of Florida- revised effective 03/01/2019
  • Southern District of New York- revised effective 01/24/2019
Official Forms
  • Form 106 C Schedule C: The Property You Claim as Exempt (line 3)
  • Form 107 Statement of Financial Affairs for Individuals Filing Bankruptcy (line 6)
  • Form 122 A-2 Chapter 7 Means Test Calculation (lines 29 and 40)
  • Form 122 C-2 Chapter 13 Calculation of Your Disposable Income (line 29)
  • Form 201 Voluntary Petition for Non-Individuals Filing Bankruptcy (line 8)
  • Form 207 Statement of Financial Affairs for Non-Individuals Filing Bankruptcy (lines 3 and 4)
  • Form 410 Proof of Claim (line 12)
  • Form 2000 Required Lists, Schedules, Statements, and Fees (Voluntary Chapter 7, Voluntary Chapter 11, Chapter 12, and Chapter 13) (pages 2, 3, and 4 )
  • Form 2830 Chapter 13 Debtor’s Certifications Regarding Domestic Support Obligations and Section 522(q) (Part III)
Local Forms
  • (Northern District of Oklahoma) Certification and Request for Issuance of Discharge

 

Exemption Updates

  • Federal- revised effective 04/01/2019

 

Exemption

Old

New

Homestead §522(d)(1)

$23,675

$25,150

Motor Vehicle §522(d)(2)

$3,775

$4,000

Household §522(d)(3)

$600 (per item)

$12,625 (total)

$625 (per item)

$13,400 (total)

Jewelry §522(d)(4)

$1,600

$1,700

Wildcard §522(d)(5)

$1,250

$11,850 (homestead carryover)

$1,325

$12,575 (homestead carryover)

Trade §522(d)(6)

$2,375

$2,525

Life Insurance §522(d)(8)

$12,625

$13,400

Personal Injury §522(d)(11)(D)

$23,675

$25,150

 

  • Michigan- revised effective 04/01/2019

Exemption

Old

New

Traditional, SIMPLE, or Roth IRA 11 U.S.C. §522(n)

$1,283,025

$1,362,800

Education IRA 11 U.S.C. §541 (b)(5)(c)

$6,425

$6,825

Pre-purchased tuition credits 11 U.S.C. §541 (b)(5)(c)

$6,425

$6,825

 

  • Ohio- revised effective 04/01/2019

Exemption

Old

New

Homestead §2329.66 (A)(1) 

$136,925  

$145,425

Motor Vehicle Section 2329.66 (A)(2)

$3,775

$4,000

Cash §2329.66  (A)(3)

$475

$500

Household (per item) §2329.66 (A)(4)(a)

$600

$625

Household (aggregate) §2329.66 (A)(4)(a)

$12,625

$13,400

Jewelry §2329.66  (A)(4)(b)

$1,600

$1,700

Professional Books and Tools of Trade §2329.66  (A)(5)

$2,400

$2,550

 

  • Wisconsin- revised effective 04/01/2019

Exemption

Old

New

Traditional, SIMPLE, or Roth IRA 11 U.S.C. §522(n)

$1,283,025

$1,362,800

Education IRA 11 U.S.C. §541 (b)(5)(c)

$6,425

$6,825

Pre-purchased tuition credits 11 U.S.C. §541 (b)(5)(c)

$6,425

$6,825

 

Minor anomalies that have been reported to CINcompass Support have been fixed as of this release.
Issues can be reported to support@cincompass.com or 866.218.1003.