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 […]
Bankruptcy
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.
Discharging Student Loans in Bankruptcy: Some Good News
Getting rid of student loans in bankruptcy is difficult—but recent research shows you’re more likely to succeed now than in the past.
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.
One Way to Stay Out of Bankruptcy Court: Keep Your Health Insurance
People are twice as likely to file for bankruptcy if they lose their health insurance or let it lapse, according to recently published data.
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.”