Updates To Means Test

Updates To Means Test

Household income is one of the key factors used to evaluate whether you qualify for chapter 7 or 13. The means test allows debtors to earn up to a particular amount of income, which is based on the previous six months’ earnings, depending on household size. The income thresholds for filing a chapter 7 bankruptcy  … Read more

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Current Price Of Vehicles Complicates Chapter 7

Current Price Of Vehicles Complicates Chapter 7

There has been a lot of attention and buzz about the worldwide supply constraints, which have made finding a reasonably priced automobile extremely difficult. Kelley Blue Book stated in January 2022 that the average price of a used automobile in 2021 was over $28,000, up 28 percent from a year ago and up 42 percent  … Read more

  Filed under: News