Source: Adjustment of Certain Dollar Amounts in the Bankruptcy Code A Notice by the Judicial Conference of the United States on 02/04/2022 Affected sections of Title 28 U.S.C. and the bankruptcy code Dollar amount to be adjusted New (adjusted) dollar amount 1 28 U.S.C. Section 1409(b)—a trustee may commence a proceeding arising in or related to a case to […]
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LegalConsumer.com Bankruptcy Means Test Calculator has Been Updated — April 1, 2021 Median Income Updates
April 1, 2021 Median Income Update for Bankruptcy Means Test The Means Test Calculator on the LegalConsumer.com website has been updated to incorporate the fact that The Executive Office for U.S. Trustees (EOUST) has published its updated April 1, 2021 median income data for the bankruptcy means test. New Median Income numbers up 1.2% across the board The […]
Obamacare Signups Begin Under New COVID Special Enrollment Period
Starting February 15, 2021, uninsured Americans in every state can use a COVID-related enrollment period to get covered under the Affordable Care Act (ACA).
New California Homestead Exemption Makes Chapter 7 Bankruptcy Available to Homeowners
As of January 1, 2021 Californians will enjoy a new homestead exemption law for California which will allow debtors to protect as much as $600,000 of their home’s equity.
Redeem a Car Loan in Chapter 7 Bankruptcy
If you have a car loan at the time you file for Chapter 7 bankruptcy, can “reaffirm” the debt, return the vehicle to the lender, or redeem your car loan.
Who Will Know If You File for Bankruptcy?
Will employers, landlords, family or friends find out if you file for bankruptcy? Learn who needs to know and how they’ll get the news.
Be Careful When Paying Debts Before Bankruptcy
You may be tempted to pay off a debt just before you file for bankruptcy, but think twice before you make what courts call a “preferential transfer.”