Tag Archive: Chapter 7

Slight median income changes coming Nov. 1

It will be just a little bit easier or a little bit harder to qualify to file a Chapter 7 “straight bankruptcy” as of November 1, 2011.

Be sure you file bankruptcy at the right time

Sometimes the timing of your bankruptcy filing hardly matters, but other times it’s huge.

Stopping the foreclosure of your home through bankruptcy

Both Chapter 7 and Chapter 13 can help you save your home. Which one is better for YOU?

Variable income and the Chapter 7 means test

How those with variable income can pass the Chapter 7 means test.

Will I be able to keep anything when I file for bankruptcy?

Can you keep your property through a Chapter 7 bankruptcy? The short answer to this question is: Maybe. It depends on your situation.
This is what something called “exemptions” are for. The way I explain it to clients is this: When you file for bankruptcy, something called the “bankruptcy estate” is [...]

New Jersey household median income levels rising soon

Image via Wikipedia

The picture over there on the right? Those are test tubes. I couldn’t resist – you’ll get it in a minute. Read on.
On November 1, 2009, the Census Bureau median family income for a one-person household in New Jersey goes up from $57,120 to $60,026. What does this mean [...]

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