The Bankruptcy Threshold Adjustment and Technical Corrections Act was signed into law by President Biden on Tuesday June 21. The Act amends Section 1182(1) of the Bankruptcy Code to include the increased aggregate debt limit of $7.5 million in Subchapter V’s definition of a “debtor” (with a two year sunset from enactment). In addition, the Corrections Act provides that an individual with regular income is eligible to be a debtor under Chapter 13 if the individual owes noncontingent, liquidated debts of less than $2.75 million as of the date of the petition (also with a two year sunset from enactment).

Please click here to view the Notice of Vacancy from the United States Bankruptcy Court for the District of Maryland.

Chief Judge Thomas J. Catliota has informed the United States Court of Appeals for the Fourth Circuit that he will retire from his position as U.S. Bankruptcy Judge for the District of Maryland on October 3, 2022, after 16 and a half years of outstanding service to the Court.  The Court congratulates Chief Judge Catliota on the occasion of this announcement, and thanks him both for his long-term, dedicated service as one of the Court’s Judges and also for his extraordinary leadership as Chief Judge immediately following the sudden passing of beloved Judge Wendelin I. Lipp and then, just a couple of months thereafter, during the unprecedented Covid-19 pandemic.

Adjustments to the dollar amounts stated in various provisions of the Bankruptcy Code and one provision of Title 28 of the United States Code will go into effect on April 1, 2022, for cases filed on or after that date. The adjustments’ timing and calculation are codified in 11 U.S.C. § 104.  A chart showing the affected sections, including the current and adjusted dollar amounts, can be found here. Seven Official Bankruptcy Forms and two Director’s Forms also contain references to several of the affected dollar amounts. The revised forms, available here, will be effective on April 1, 2022 and will apply to cases filed on or after that date.

The Office of the United States Trustee has announced that Brian A. Tucci has been appointed as a Chapter 13 Standing Trustee in Baltimore.  Please click here to view the announcement.