Michigan Wager Earner Plan:

The common name for Michigan bankruptcy cases filed under Chapter 13 provided by 11 U.S.C. 1301, et seq. All debtors who chose Chapter 13 must maintain regular income with sufficient disposable income, after living expenses, to provide creditors with repayment equal to or above the value available through liquidation under Chapter 7.

NOTICE OF AMENDED FORMS AND AUTOMATIC ADJUSTMENTS TO DOLLAR AMOUNTS: On April 1, 2004, automatic adjustments to the dollar amounts stated in various provisions of the Code will become effective in Michigan Bankruptcy Courts. The new dollar amounts will apply to cases filed after the effective date. These amended dollar amounts will affect the eligibility of a debtor to file under Chapter 13 of the Code, certain maximum values of property that a debtor may claim as exempt, the maximum amount of certain claims entitled to priority, the minimum aggregate value of claims needed to commence an involuntary petition, and the value of luxury foods and services deemed to be nondischargeable. The Michigan Bankruptcy Courts will adopt new forms to incorporate these changes beginning April 1, 2004.

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