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Figures and Forms Updates Effective April 1, 2019
Figures and Forms Updates Effective April 1, 2019

A list of all updates made in NextChapter 4/1/19 for the forms and figures update.

Mandy Ballinger avatar
Written by Mandy Ballinger
Updated over a week ago

Federal Forms Updated:

_______________________________________________

Median Family Income Updated:

The median family income used to calculate Part 2 of Bankruptcy Form 122A-1 and Part 2 of Bankruptcy Form 122C-1 as provided by the Census Bureau Data.

_______________________________________________

Federal Exemptions Updated:

Homestead
Old: $23,675  
New: $25,150  

Automobile
Old: $3,775  
New: $4,000  

Household (per item)
Old: $600
New: $625

Household (Aggregate)
Old: $12,625
New: $13,400

Jewelry
Old: $1,600      
New: $1,700    

Jewelry
Old: $1,600      
New: $1,700 

Wildcard
Old: $1,250
New: $1,325

Wildcard (Homestead Carryover)
Old: $11,850
New: $12,575

Tools of Trade
Old: $2,375  
New: $2,525  

Life Insurance
Old: $12,625  
New: $13,400  

Personal Injury
Old: $23,675  
New: $25,150

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Ohio Exemptions Updated:

Homestead
Old: $136,925  
New: $145,425

Automobile
Old: $3,775  
New: $4,000

Cash on Hand
Old: $475
New: $500

Household (per item)
Old: $600
New: $625

Household (Aggregate)
Old: $12,625
New: $13,400

Jewelry
Old: $1,600      
New: $1,700

Tools and Books of Trade
Old: $2,400
New: $2,550  

Personal Injury
Old: $23,700  
New: $25,175

Wildcard
Old: $1,250
New: $1,325

_______________________________________________

California Exemptions Updated:

§703:

Homestead
Old: $26,800  
New: $29,275 

Automobile
Old: $5,350
New: $5,850

Household (per item)
Old: $675
New: $725

Jewelry
Old: $1,600      
New: $1,750

Tools and Books of Trade
Old: $8,000
New: $8,725  

Personal Injury
Old: $26,800
New: $29,275

Wildcard
Old: $1,425
New: $1,550

Life Insurance
Old: $14,325
New: $15,650

§704:

Automobile
Old: $3,050
New: $3,325

Residential Building Materials (per item)
Old: $3,200
New: $3,500

Jewelry
Old: $8,000      
New: $8,725

Tools of Trade
Old: $8,000
New: $8,725  

Public Benefits (single payee)
Old: $1,600
New: $1,750

Public Benefits (joint payee)
Old: $2,375 $2,600
New: $2,600 

Social Security (single payee)
Old: $3,200  
New: $3,500

Social Security (joint payee)
Old: $4,800  
New: $5,250

Inmate Trust Account
Old: $1,600
New: $1,750 

Life Insurance
Old: $12,800    
New: $13,975 

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