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 […]
California Exemption Changes Effective 2023
California Exemption Changes CALIFORNIA S.B.1099: Signed into law on September 28, 2022. The bill goes into effect January 1, 2023. Highlights include: “Ride through” option restored for vehicles (no more repos for failure to reaffirm). Homes protected from trustees selling them due to post-petition appreciation where had been fully protected by the homestead exemption on […]
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 […]
March 2023 Updates
What’s New on the Website LegalConsumer™ Student Loan Bankruptcy Calculator Launched, Based on Department of Education Stipulation Affidavit The calculator is based on the affidavit released by the Department of Education in an affidavit advising their lawyers to not object to student loan debtors seeking discharge based on undue hardship if they meet specific criteria […]
Michigan Bankruptcy Exemption Limits to Increase by 14% April 1, 2023
Michigan adjusts its exemptions for inflation every three years. The revised 2023 amounts were published by the Michigan Department of the Treasury on January 25, 2023. They apply to cases filed on or after April 1, 2023, and are summarized here. The total increase for the period is 13.96% Michigan Bankruptcy Exemptions Inflation Adjustments 2023