Regarding "Vehicle Ownership or Lease Expense".

I'm filing individually. My household has two vehicles - my car, which I'm still making payments on and is titled individually in my name and my wife's car, which she owns individually and is paid in full.

Do I get to...

We're currently reviewing our chapter 7 filing papers our lawyer prepared on Friday. Plan is for a Monday signing. We'll be asking the lawyer these questions on Monday too, but thought I might ask them here for insight.

We have two vehicles we'll be keeping. One we own which will be exempted,...

We're currently reviewing our chapter 7 filing papers this weekend for a Monday signing. We'll be asking the lawyer these questions on Monday too, but thought I might ask them here for insight.

Means test Line 45, "Chapter 13 Admin Expenses" has a figure in 45a, and we're not...

Ok, here is the dilemma:

My wife and I will be filing Ch 7 on 10/4 of this year. We currently own 4 vehicles. 2 of the vehicles were purchased at the end of June with low monthly payments. The other two vehicles have high payments and will be surrendered/repossessed. We stopped paying...

I am researching Florida Bankruptcy for my 25 year old Nephew. He has been unemployed for over a year. Unemployment is running out. He got wrapped up into some unhealthy things and has struggled with medical issues. He is about $30,000 in debt. He is prepared to loose his car, for he is to fat upside...

I was on medical long term disability (back surgery) with a company that I had worked for for 19 years when I received a layoff notice. I continued on disability for a year but the termination of my employment didn't take effect until the disability ended which was in April 2010. I received my severance...

Hi. I'm a newly registered member. I thought I'd be posting a few questions today on the thornier forms and then be able to file Chapter 7 next week but it appears that I may have miscalculated my income on the means test I did a month back -- today's calculations show me as being about $700 over the...

Quick question about an approved Lien Strip and Line 47 of the Means Test...

(Thought I saw this answered previously, but couldn't find it when I searched)

We were successful with our Lien Strip motion, so they will now get paid as an unsecured.

Of course,...

I'm a 30% Disabled Veteran (Most debt accrued while on active duty).

I'm told that I'm exempt from the means test, but the disposable income/expense has thrown me into 13. My Atty still researching whether a 3 or 5 year plan. Is there anyone else in my shoes? It looks like the Ammendment...

Heres is my financial situation:

INCOME NET MONTHLY
HUSBAND 4,667
WIFE 2,981
TOTAL 7,648

DEBT EXPENSES
1st Mortgage $164,000, valued at 150,000 Pmt $1400
2nd Mortgage $95,000 pmt $400
3rd Mortgage $35,000...

The means test uses the term "income", which generally means the gross receipts of a transaction less the costs to generate that receipt. For salaries, there is generally no "cost"; so I understand why you need to report the gross amount as income. For business income or rental...

Recently filed Chapter 13. Unemployment benefits will come to an end sometime next year. Once this happens, it will be difficult to continue making payments into the plan, since will then be $1,600/month less.

If we want to then amend the plan, do the rules of the means test still...

I am planning to file Chapter 7. Probably pro se, although I'm open to paying an attorney to grease the wheels so to speak.

Anyway, I screwed up my taxes a few years ago and I am on a payment plan to pay those back. I am up-to-date on the plan. I know these taxes will not be discharged....

How is the sec. 707 "applicable state" determined for the median household income tables for the chapter 7 means test, if the debtor has recently moved house across state lines?

There's effectively a 91-day test for determining the venue of the case, but that's a completely...

First, my apology: I posted numbers from the census recently, but I made a mistake. Those numbers were median "household" incomes, but the numbers used for bankruptcy purposes are median "family" incomes. This data was just released and then I realized that they are not the same...