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Release Notes – May 2020

May 19, 2020:

Federal Forms

  • Director’s Form 3180RV1 Chapter 11 Discharge for Individual Whose Plan was Confirmed under § 1191(a) – new effective April 2020
  • Director’s Form 3180RV2 Chapter 11 Discharge for Individual Whose Plan was Confirmed under § 1191(b) – new effective April 2020
  • Director’s Form 3180RV3 For Corporation or Partnership Whose Plan was Confirmed under § 1191(b) – new effective April 2020
  • Joint Stipulation and Order Authorizing Plan Payment Moratorium for COVID-19 Related Payment Disruption – new effective April 2020

Exemptions

District of Minnesota – effective July 2020

  • Homestead Exemption: Minnesota Statute §510.2, subd.1 increased to $450,000
  • Homestead Exemption (used primarily for agriculture): Minnesota Statute §510.2, subd.1 increased to $1,125,000
  • Personal Goods: Minnesota Statute §550.37, subd.4 increased to $11,250
  • Wedding Ring: Minnesota Statute §550.37, subd.4 increased to $3,062.50
  • Business: Minnesota Statute §550.37, subd.6 increased to $12,500
  • Insurance Benefits Minnesota Statute § 550.37 subd.10 increased to $50,000
  • Additional Dependent: Minnesota Statute §550.37, subd.10 increased to $12,500
  • Motor Vehicle Minnesota Statute § 550.37 subd.12a increased to $5,000
  • Modified for Disability Minnesota Statute § 550.37 subd.12a
  • Minimum Cost of Modification: Minnesota Statute §550.37, subd.12a increased to $3,750
  • Accrued Interest: Minnesota Statute §550.37, subd.23 increased to $10,000
  • Employee Benefits: Minnesota Statute §550.37, subd.24 increased to $75,000

*Requires purchase of local 13 plan or forms package. Visit the local forms page for pricing.