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Does anyone know new debt limits as of 4/1/2010?

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    Does anyone know new debt limits as of 4/1/2010?

    Ok, so is the ch 13 secured debt limit $1,081,400, $1,010,650, or $1,030,000 as of 4/1/2010? I am getting conflicting reports on the Internet.
    I'm not a lawyer, but here's a link to my favorite bankruptycy law blog: http://www.bankruptcyorlando.com/

    #2
    $1,081,400 - Secured
    $360,475 - Unsecured

    Straight from the horses mouth: http://www.bkmass.com/misc/output.pdf
    Filed CH13 - 06/2009
    Confirmed - 01/2010

    Comment


      #3
      This was on the Massachusetts bk atty's website, but what horse did he get it from?

      An atty just emailed me "While the Judicial Conference of the United States has yet to issue the official new numbers, the Department of Labor has issued the CPI numbers for the relevant period (December 2006 – December 2009), showing an increase of 7.01%. So we can estimate, pretty accurately, that the new limits will be $1,081,500 for secured debt, and $360,525 in secured debt."
      I'm not a lawyer, but here's a link to my favorite bankruptycy law blog: http://www.bankruptcyorlando.com/

      Comment


        #4
        Originally posted by DecentHuman View Post
        This was on the Massachusetts bk atty's website, but what horse did he get it from?
        That was a copy of an offical court bulletin. If you would like a government source: http://edocket.access.gpo.gov/2010/pdf/2010-3807.pdf
        Filed CH13 - 06/2009
        Confirmed - 01/2010

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          #5
          Your attorney copy/pasted that answer from an older posting on the bankruptcylawnetwork.
          Filed CH13 - 06/2009
          Confirmed - 01/2010

          Comment


            #6
            Indeed he did copy that! I almost sent it to him but I don't think he'd be amused that someone outed him on Bankruptcy Forum! It's bad enough I got the federal source before he did, from Bankruptcy Forum, and sent it to him!
            I'm not a lawyer, but here's a link to my favorite bankruptycy law blog: http://www.bankruptcyorlando.com/

            Comment

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