You can find the complete list here. Notable changes for consumer lawyers:
- Assisted Person is now someone with nonexempt property worth less than $192,450.
- Chapter 13 Debtor debt limit: $394,725 secured and $1,184,200 unsecured.
These changes apply to cases that are filed on or after April 1, 2016.
This issue came up with my associate and I realized that I did not post the California exemptions update which tracks the federal scheme. I know we all have software which gives us the magic number to plug in but I like to have a source for the things which I do!
You can find the new dollar amounts at the link below:
http://www.courts.ca.gov/documents/ej156.pdf