Posts tagged "means testing"

How long is a Chapter 13 Bankruptcy?

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News | by — September 10, 2013

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First, the disclaimer: The article below is for informational purposes only. It is not designed, nor is it intended to offer specific legal advice or create an attorney-client relationship.  To do that, you’ve got to meet with us.   You may know that a Chapter 13 bankruptcy requires a partial, and in rare cases, full […]

Median income changes may allow more Oregonians to file a Chapter 7.

The Department of Justice has increased median income levels a modest 3% beginning May 1, 2012, for Oregonians. While this increase is small, it may open the door for some Oregonians to file a Chapter 7 bankruptcy, who previously would not have qualified. For more information on how your median income level factors into a […]

Are you eligible for a Chapter 7 Bankruptcy? IRS announces new median income levels.

Consumers looking to file a Chapter 7 bankruptcy may be aware that they must pass certain income requirements in order to qualify for the bankruptcy. But what are these requirements, and would you know whether you qualify? Means Testing With the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) of 2005, congress […]