Use the right “number of people in your household” to qualify for Chapter 7. Sometimes obvious, but not always. Our last blog post last week was about which state to use for the “means test” when you have connections to more than one state. The way you answer that question can be crucial ... Read More »
What Is Your State for the “Means Test”?
You must use the right “state in which you live” to qualify for Chapter 7. It’s not always obvious. Our last blog post a couple days ago was about the unique definition for “income” as used in the “means test.” Understanding this definition and applying it to your advantage can be ... Read More »
What is Considered “Income” for the Chapter 7 “Means Test”
“Income” is not what you think it is—it’s much broader than usual and fixates on the 6 full calendar months before your bankruptcy filing. Our last blog post a couple days ago was about an upcoming cost of living adjustment of median family income amounts. This ... Read More »
The New Median Income Amounts for the Chapter 7 “Means Test”
Besides the many 3-year cost of living increases happening on April 1, 2016, new median income amounts also start applying on the same day. Last week we finished a series of about a dozen blog posts related to an every-3-year cost of living adjustment of many of the dollar amounts that are ... Read More »
