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Bankruptcy

: The Debt Podcast

Income ?Derived? and ?Received? for Means Test

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One of the many sticking points about the Means Test is defining income when comparing one’s income for the past six months against the median income.  Income is defined in sec. 101(10A) of the Bankruptcy Code as ”the average monthly income from all sources that the debtor receives (or in a joint case the debtor and the [...]

Full post as published by The Debt Podcast on November 28, 2008 (boomark / email).

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