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If you are using federal exemptions

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    If you are using federal exemptions

    What do you use as your median income? DO you use the last state you worked in median income?

    #2
    Just a guess here, but I'd think that would be the same as moving from one State to another. You use the Median for the State you currently reside in.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

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      #3
      Under the new law, according to http://www.bankruptcyaction.com/bank...exemptions.htm the state you use for your exemptions is:

      * The state you lived in for the 730 days (2 years) before filing; or

      * If you did not live in a single state in the previous 2 years you use the state where you lived the majority of the 180 period preceding the 2 year period; or

      * If the preceding renders you ineligible for any exemptions then the debtor is allowed to choose the federal exemptions.

      Also according to http://www.moranlaw.net/bankruptcy-exemption-states.htm - if you live in the following states, you may choose either your state or the federal bankruptcy exemptions: Arkansas, Connecticut, District of Columbia, Hawaii, Massachusetts, Michigan, Minnesota, New Jersey, New Mexico, Pennsylvania, Rhode Island, South Carolina, Texas, Vermont, Washington, and Wisconsin
      Last edited by lrprn; 06-28-2006, 02:06 PM.
      I am not a lawyer and this is not legal advice nor a statement of the law - only a lawyer can provide those.

      06/01/06 - Filed Ch 13
      06/28/06 - 341 Meeting
      07/18/06 - Confirmation Hearing - not confirmed, 3 objections
      10/05/06 - Hearing to resolve 2 trustee objections
      01/24/07 - Judge dismisses mortgage company objection
      09/27/07 - Confirmed at last!
      06/10/11 - Trustee confirms all payments made
      08/10/11 - DISCHARGED !

      10/02/11 - CASE CLOSED
      Countdown: 60 months paid, 0 months to go

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