http://qz.com/520414/the-high-earning-poor/Do you earn a decent salary, but live...
I is for Income
Income. So many topics to cover. Schedule I is where income is listed in a bankruptcy petition. The Means Test Form 22a and Form 22C (chapter 7 or chapter 13 respectively) computes disposable monthly income too. This is a 6...
New updated median income figures for bankruptcy filers
Median income level for Illinois based on family sizeEffective: 2/1/08
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Can a spouse file an individual bankruptcy?
I received an email today from a prospective client asking if a spouse could file bankruptcy without her spouse. Excellent question. Although both spouses are not required to file bankruptcy jointly, the Bankruptcy Code does require both...
Feb 1 – Updated census bureau median income in Illinois
For Illinois Bankruptcy filings: Census Bureau Median Family Income By Family Size <h3 style="color: rgb(51, 255, 51);"...
Bankruptcy Chapter 13 Law update
Projected Disposable Income is the Same as Disposable Income(Form B22C Controls)In re Farrar-Johnson, WL 2662709 (Bankr. N. D. Ill. 9/15/06.)Under Chapter 13 where a debtor is above the median income, section 1325(b)(3) makes clear that Schedule...