Legalconsumer.com has just updated its Means Test Calculator to incorporate the latest expense deductions announced by the justice department that take effect May 15, 2023 The new numbers affect Part 2 of the means test, where above-median-income debtors are asked to list their monthly expenses. Some of those expenses are “actual” expenses, while others are […]
Colorado Expanded the Definition of “Dwelling” to include living in your car: Homestead Exemption Laws Expand to Meet the Modern Age
These days, what people call a “home” can be anything from a mansion to a car parked in a part of the town where they won’t be hassled and can get some sleep. Bankruptcy law has always allowed people to protect their home, through something called a homestead exemption. Homestead laws are generally found in […]
Spring 2003 Consumer Law Updates
What’s new on LegalConsumer.com Here’s what we’ve updated on the website recently. Check it out! New April 1, 2023 Means Test Median Income Amounts Incorporated Into the Means Test Calculator In April and November, the justice department updates median income figures for the bankruptcy mean test twice a year. Expense allowances are updated every May. […]
AI Debt Collection Bots are Unleashed, Harassing People With Debt Collection Lawsuits
AI bots are now making it possible for debt collection agencies to go after even the smallest possible lawsuits, whether or not they are valid debts or not. Tens of thousands of such lawsuits are being filed by AI bots nationwide, affecting poor people everywhere, according to a report by Wired Magazine. The goal of […]
New AI Tools Pose Extreme Risks of Scamming Consumers. Beware!
Increasing power and ease with which AI tools can create fake information as many people worried that people will be more than ever susceptible to scams on the Internet Harder to spot a scam False information will be harder to spot because grammatical errors and other telltale signs of offshore spam in the past, like […]
Many people will lose Medicaid on April 1 and not even realize it until it’s too late.
National public radio today reports that many people are about to lose Medicaid on April 1 once CARES act protections (that prevented states from people being kicked off from Medicaid about to expire). Going forward, after April 1, people will have to prove they are still eligible for Medicaid, and many have fallen out of […]
State Median Incomes to Increase 7.4% for Bankruptcy Means Test on April 1, 2023
More People Will Qualify for Chapter 7 Bankruptcy as of April 1, 2023 The Department of Justice has released its revised median income amounts for the bankruptcy means test, to take effect April 1, 2023. LegalConsumer.com has taken this data and turned it into a handy, clickable map. Click on your state or county and […]