Consumer Bankruptcy Journal Fall 2015 | Page 81

Form Modernization Overview

Official Form 106C

Overview:

Official Form 106C, Schedule C: The Property You Claim as Exempt, replaces Official Form 6C, Property Claimed as Exempt, in cases of
individual debtors.

New Form Elements:

Part 1, Identify the Property You Claim as Exempt, has added some new form elements, such as line number references to Schedule A/B.
Additionally, a checkbox is added to indicate whether the debtor is exempting 100% of the fair market value of property, up to any
applicable statutory limit.

Changed Locations:

Several form elements have changed location from Official Form Schedule C, and columns have been reordered. For example, the
checkbox to indicate whether the debtor is exempting a homestead that exceeds the cap established by 11 U.S.C. § 522(p) is moved
from the top of the schedule to the bottom and receives its own line number.

REVISED – The checkbox
asking if the debtor is
taking a homestead
exemption over $155,675
has moved from below
the form title of Schedule
C to the top of the
schedule in Part 1.

NEW – A new checkbox
has been added asking
about the length of
ownership of property
that is being exempted
over $155,675

NEW – Part 2 replaces the
need for continuation
sheets attached to
Schedule C. You can list
in Part 2 any additional
exemptions that exceed
the space provided in Part
1.

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