The Means Test: "Household" Size and Contributions

The bankruptcy code's "means test" looks to the size of the debtor's "household." The bankruptcy code does not define what constitutes a "household."

Census Bureau Definition

The Means Test: "Household" Size and Contributions

The bankruptcy code's "means test" looks to the size of the debtor's "household." The bankruptcy code does not define what constitutes a "household."

Census Bureau Definition

Average Cost Of Bankruptcy

From a recent episode of Legal Action which airs on Comcast Cable in the Chicago area, David M. Siegel discusses two common, but important questions regarding filing for bankruptcy.  The first is the financial management instruction requirement that must be completed post-filing.  The second is the typical range of fees that one could expect to+ Read More

Tonya is homeowner just two years after bankruptcy

Two years after bankruptcy, Tonya is as home owner. Tonya M, of Stafford VA, came to see me in late 2012.  Her marriage had broken up, and she was working in a clothing store.   Tonya was desperate.  She had just sold her engagement ring to keep herself afloat.

New Law Allows IRS to Hire Private Debt Collectors for Old Debts

CongressEver wonder how some of our laws are passed?  Here is another example of an important change in the law buried in an innocuous bill.   Would you believe a highway funding bill could include a law allowing the IRS to hire private debt collectors?  Sounds ridiculous, right?  Surprise – take a look at the new “

New Law Allows IRS to Hire Private Debt Collectors for Old Debts

CongressEver wonder how some of our laws are passed?  Here is another example of an important change in the law buried in an innocuous bill.   Would you believe a highway funding bill could include a law allowing the IRS to hire private debt collectors?  Sounds ridiculous, right?  Surprise – take a look at the new “

December 1, 2015 – New Bankruptcy Forms Mandatory

As of December 1 2015 most of the official Bankruptcy Forms were substantially revised, reformatted, and renumbered versions.  In 2008 the Advisory Committee on Bankruptcy rules decided that the forms needed to be “modernization”.  One of the major changes is the creation of different versions of case opening forms for individual debtors and non-individual debtors.  Below are links to the instruction booklets for individual debtors, for non-individual debtors, and to a forms number conversion chart.

December 1, 2015 – New Bankruptcy Forms Mandatory

As of December 1 2015 most of the official Bankruptcy Forms were substantially revised, reformatted, and renumbered versions.  In 2008 the Advisory Committee on Bankruptcy rules decided that the forms needed to be “modernization”.  One of the major changes is the creation of different versions of case opening forms for individual debtors and non-individual debtors.  Below are links to the instruction booklets for individual debtors, for non-individual debtors, and to a forms number conversion chart.

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