Consumer Bankruptcy Journal Fall 2015 | Page 82

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.

NEW - Modernized Form
Caption
NEW – Amended
checkbox
REVISED - Official Form
106C, Schedule C: The
Property You Claim as
Exempt, replaces Official
Form 6C, Property Claimed
as Exempt, in cases of
individual debtors.

REVISED – The exemption
election checkboxes have
changed locations.
REVISED – The current value
of the property is now listed
in column 2. Value was
previously column 4 of
Schedule C.
NEW – 106C now asks you
to include the line number
from 106A/B that lists the
specific piece of property
being referenced

NEW – A new checkbox
has been added to column
3 to indicate that the
debtor is taking 100% of
fair market value

REVISED – Column 4 was
previously column 2 on
Schedule C
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