Sections

• Overview
• General changes affecting consumer chapter 7, 11 cases under the Bankruptcy Code
• 1) Time between discharges, multiple filings
• 2) Required production of income tax returns and other documents; case dismissal for non-production
• 3) Credit counseling an debtor education
• 4) Automatic Stay Provisions
• 5) Limiting definition of household goods concerning avoidance of liens
• 6) Non-Dischargeability
• 7) Two-year residency requirement for state or local exemption laws including homestead
• 8) Limits on state specific homestead exemptions, effective date
• 9) Limitation on new homestead valuation additions; homestead caps. Effects on debtors in Florida and other formerly unlimited homestead exemption states
• 10) Avoidance of transfers to asset protection trust
• 11) Exclusions from estate property
• 12) Effective date of new law
• Consumer cases under Chapter 7
• 12b) New § 707(b) — income means testing
• 13) Sanctions that can now be imposed on debtor's counsel
• 14) Support priority; dischargeability of marital property settlements
• 15) Reaffirmation Agreements
• 16) Redemption
• 17) Trustee compensation
• 18) Non-subordination of property tax liens to family support claims
• 19) Secured claims

8. Limits on state specific homestead exemptions, effective date

The noted amendments, limiting the right to claim large homestead exemptions, apply in all cases filed on or after the enactment of S.256. The provisions related thereto are thus retroactive to enactment and not contingent on the October 17, 2005 effective date.

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