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means test

high income broke debtors… recent trends in bankruptcy

November 10, 2015chapter 13, chapter 7, means testLeave a commentTerrance Leeders

http://qz.com/520414/the-high-earning-poor/Do you earn a decent salary, but live...

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I is for Income

July 12, 2012Income, means test, Schedule ILeave a commentTerrance Leeders

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...

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New updated median income figures for bankruptcy filers

February 7, 2008chapter 13, chapter 7, household size, means test, median incomeLeave a commentTerrance Leeders

Median income level for Illinois based on family sizeEffective: 2/1/08

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1 Earner
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Can a spouse file an individual bankruptcy?

March 21, 2007chapter 13, chapter 7, CMI, joint filing with spouse, means testTerrance Leeders

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...

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Feb 1 – Updated census bureau median income in Illinois

February 9, 2007bankruptcy petition, census bureau, CMI, means testLeave a commentTerrance Leeders

For Illinois Bankruptcy filings: Census Bureau Median Family Income By Family Size <h3 style="color: rgb(51, 255, 51);"...

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Bankruptcy Chapter 13 Law update

February 1, 2007chapter 13 bankruptcy, means testLeave a commentTerrance Leeders

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...

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Leeders Law

2 weeks ago

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Leeders Law updated their info in the about section.

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3 months ago

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🎃 Don't get spooked by holiday bills, file bankruptcy!👉 312-346-7400👻 ... See MoreSee Less
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Leeders Law

5 months ago

Leeders Law
Durbin has been pushing for student loan bankruptcy reform. If done, we will see a large uptick in chapter 7 bankruptcy filings. ... See MoreSee Less

Sen. Dick Durbin wants student loan borrowers to have option of filing bankruptcy for loans

www.fox32chicago.com

An Illinois lawmaker is asking Congress for additional help when it comes to student loan debt.
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