Release Notes—June 2024

Federal Forms

Changes to the following official bankruptcy forms are effective June 2024, due to the expiration of certain temporary provisions of the Bankruptcy Threshold and Technical Corrections Act (BTATC Act), Pub. L. 117-151:

• Form 101 Voluntary Petition for Individuals Filing for Bankruptcy
• Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy

• Jurisdiction of Arizona
  • Form 101 Voluntary Petition for Individuals Filing for Bankruptcy
  • Form 201 Voluntary Petition for Non-Individuals Filing for Bankruptcy

Local Forms

• Middle District of Alabama
  • ALMB 2 Suggestion of Death or Incompetency – new April 2024
• Eastern District of Missouri
  • Notice of Amendment to Schedules and/or Matrix to Add Creditor(s) – revised November 2023

• State of Florida
  • Fla. Stat. Ann. § 222.25(1) Motor Vehicle increased from $1,000.00 to $5,000.00 – effective July 2024
• State of Minnesota
  • Minn. Stat. § 510.02, subd. 1 homestead (limited to 160 acres) increased from $480,000.00 to $510,000.00 – effective July 2024
  • Minn. Stat. § 510.02, subd. 1 homestead (used primarily for agriculture) increased from $1,200,000.00 to $1,275,000.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 4(c) wedding rings increased from $3,185.00 to $3,308.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 6 tools of the trade increased from $13,000.00 to $13,500.00 – effective July 2024
  • Minn. Stat. 550.37 subd. 10 additional dependent insurance benefits increased from $13,000.00 to $13,500.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 10 life insurance benefits increased from $52,000.00 to $54,000.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 12a motor vehicle increased from $5,200.00 to $5,400.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 12a motor vehicle (modified for disability, provided modification cost at least increased from $3,900.00 to $4,050.00) $52,000.00 to $54,000.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 23 insurance policies increased from $10,400 to $10,800.00 – effective July 2024
  • Minn. Stat. § 550.37 subd. 24 employee benefits increased from $78,000.00 to $81,000.00 – effective July 2024
• State of South Carolina
  • S.C. Code Ann. § 15-41-30(A)(1)(a) homestead or burial plot increased from $67,100.00 to $76,125.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(1)(b) surviving spouse interest in real or personal property used as residence increased from $67,100.00 to $76,125.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(2) motor vehicle (one) increased from $6,700.00 to $7,600.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(3) household furnishings and goods, wearing apparel, appliances, books, animals, crops, or musical instruments increased from $5,375.00 to $6,100.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(4) jewelry increased from $1,350.00 to $1,525.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(5) cash & liquid assets, only if not claiming homestead increased from $6,700.00 to $7,600.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(6) tools of trade, professional books increased from $2,025.00 to $2,275.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(7) debtor’s aggregate interest in any property (up to $7,600.00 of unused portion of exemptions listed in §15-41-30(A)(1)–(6)) increased from $6,700.00 to $7,600.00 – effective July 2024
  • S.C. Code Ann. § 15-41-30(A)(9) loan value of or aggregate interest in unmatured life insurance where debtor is insured party or debtor is a dependent of insured increased from $5,375.00 to $6,100.00 – effective July 2024
• State of Virginia
  • Va. Code Ann. § 34-4 real or personal property used as principal residence by debtor or debtor’s dependents increased from $25,000.00 to $50,000.00 – effective July 2024
  • Va. Code Ann. § 34-26(8) motor vehicles for household; perfected security interest has priority over exemption $6,000.00 to $10,000.00 – effective July 2024