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Elec­tronic Fil­ing for Self-​Represented Bank­ruptcy Debtors Con­tin­ues to Spread Nationwide

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More and more fed­eral bank­ruptcy courts are offer­ing debtors the means to file bank­ruptcy elec­tron­i­cally with­out need­ing a lawyer or online ser­vice. These pro­grams are spread­ing each year. Ask your local court if they plan to offer such ser­vices in the future. Some dis­tricts offer step-​​by-​​step inter­ac­tive inter­views, while oth­ers sim­ply pro­vide ways to upload PDF […]

Updated Bank­ruptcy Exemp­tion Amounts for 2023

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Legal­Con­sumer has pub­lished updated inflation-​​adjusted state exemp­tion amounts for 2022–2023. Sev­eral states update their exemp­tion amounts for infla­tion. Some states increase every even year, like Min­nesota, South Car­olina, and Alaska, while oth­ers change every three years, like New York, Cal­i­for­nia, Ohio, and Michi­gan. Still, oth­ers change every year, like the Ari­zona Home­stead Exemp­tion, the Montana […]

Ari­zona Home­stead increased to $400,000 by Prop 209

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Decem­ber 5, 2022, Ari­zona increased the state’s home­stead exemp­tion from $250,000 to $400,000, the exemp­tion in bank accounts from $300 to $5,000, both the vehi­cle and house­hold goods exemp­tions from $6,000 to $15,000, and the gar­nish­ment pro­tec­tion to 90% of dis­pos­able wages or 60 times the high­est min­i­mum wage in the state, whichever is greater. […]

Median Income for Bank­ruptcy Means Test, Revised Novem­ber 1, 2022

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Twice a year, the Depart­ment of Jus­tice revises the median income num­bers applied for each state, when deter­min­ing the stan­dards of the Bank­ruptcy Means Test. The new fig­ures apply to cases file on or after Novem­ber 1, 2022. The Means Test Cal­cu­la­tor has been updated. The Means Test deter­mines whether you can file Chap­ter 7 Bank­ruptcy or […]

Fed­eral Bank­ruptcy Amounts Changed for April 1, 2022

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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 […]

Legal​Con​sumer​.com Bank­ruptcy Means Test Cal­cu­la­tor has Been Updated — April 1, 2021 Median Income Updates

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April 1, 2021 Median Income Update for Bank­ruptcy Means Test The Means Test Cal­cu­la­tor on the Legal​Con​sumer​.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 […]