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What’s the Size of Your Family for the “Means Test”?

March 28, 2016 by Chris Kane

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 »

Filed Under: Bankruptcy Procedure, Chapter 7 Tagged With: Chapter 7, disposable income, means test, median family income, median income, Oregon median family income, Portland bankruptcy lawyer, Portland means test

What Is Your State for the “Means Test”?

March 25, 2016 by Chris Kane

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 »

Filed Under: Bankruptcy Procedure Tagged With: Chapter 7 bankruptcy, means test, median family income, median income, monthly disposable income, U. S. Trustee

What is Considered “Income” for the Chapter 7 “Means Test”

March 23, 2016 by Chris Kane

“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 »

Filed Under: Bankruptcy Procedure Tagged With: disposable income, means test, median family income, median household income, median income, monthly disposable income

The New Median Income Amounts for the Chapter 7 “Means Test”

March 21, 2016 by Chris Kane

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 »

Filed Under: Bankruptcy History, Bankruptcy Procedure Tagged With: cost of living increase, disposable income, income, means test, median family income, median income

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