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How To File Bankruptcy: Listing Your Real Property

Submitted by Anonymous (not verified) on Fri, 05/31/2013 - 10:00

how to file bankruptcyWhen you file bankruptcy, a failure to list all real property you own could sink your case.
During an initial consultation, my client told me of her financial woes in great detail. Every credit card had a story, every debt an attendant nightmare.
When we got to the real property she owned, she duly told me about the home in which she lived.

When You Have Enough Debt (And When You’ve Got Too Much)

Submitted by Anonymous (not verified) on Thu, 05/30/2013 - 10:00

bankruptcy debt limitsDo you owe too much? Too little? When filing for bankruptcy, one answer points to a rule yet the other points inward.
If you’re in over your head and are thinking about filing for bankruptcy, you’ve got too much debt.

‘Poor Talk’ And The Society Of Mutually Destructive Commiseration

Submitted by Anonymous (not verified) on Wed, 05/29/2013 - 15:30

poor talk commiserationAs the weather warms and people meet for the first time in months around barbecue grills nationwide, the talk is sure to include a time-honored tradition: ‘poor talk’.

How To File Bankruptcy: Debt Payments And The Means Test

Submitted by Anonymous (not verified) on Wed, 05/29/2013 - 10:00

how to file bankruptcySome debts are treated differently than others when it comes to the means test.  Good thing, too.

How To File Bankruptcy: Means Testing Deductions From Income

Submitted by Anonymous (not verified) on Tue, 05/28/2013 - 10:00

how to file bankruptcyEven if your income is above the applicable median family income, you may still qualify for Chapter 7 bankruptcy.
You’ve done the means test.

How To File Bankruptcy: Marital Adjustment In Means Testing

Submitted by Anonymous (not verified) on Mon, 05/27/2013 - 10:00

how to file bankruptcyIn bankruptcy, spousal income is important. But only some of it.
The part of the bankruptcy process that scares my clients most has nothing to do with them.
It’s got to do with their husband or wife, someone who may not even be filing for bankruptcy.

How To File Bankruptcy: Applicable Median Family Income

Submitted by Anonymous (not verified) on Sun, 05/26/2013 - 10:00

how to file bankruptcyOnce you figure out current monthly income for your means test, you need to match it up to see where you stand.
You’ve completed the first part of the onerous means test for your bankruptcy case.

How To File Bankruptcy: Income For Means Testing

Submitted by Anonymous (not verified) on Sat, 05/25/2013 - 10:00

how to file bankruptcyIncome is money that you make. And more.
When we look at the means test, we begin with a discussion of your income averaged out over the past six months.
If you’re married and living together, we look to your spouse’s income as well.

Federal Student Loans – The New Adjustable Rate Mortgage?

Submitted by Anonymous (not verified) on Fri, 05/24/2013 - 22:35

federal student loan bill 2013Is Washington poised to turn federal student loans into the new adjustable rate mortgage?
On July 1, 2013 rates for new federal student loans will double to 6.8 percent, from 3.4 percent.

How To File Bankruptcy: The Means Test

Submitted by Anonymous (not verified) on Fri, 05/24/2013 - 10:00

how to file bankruptcyIf you file bankruptcy, you’ve got to complete the means test form. Period.
One of the odder requirements of the bankruptcy law rests in the means test.
The thinking behind it is that people who have had an income higher than more than half of the other people in their state for the six months prior to filing bankruptcy are better able to repay their debts.

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