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Bankruptcy

: The Debt Podcast

Means Test Form Wrong For Marital Adjustment

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Chapter 7 debtors, married but filing alone, may be harmed by the required but incorrect Means Test form.  The form ignores the Marital Adjustment when comparing “Current Monthly Income” to median income and might unlawfully disqualify a debtor from Chapter 7 protections. The Means Test begins by comparing a debtor’s Current Monthly Income to median income. [...]

Full post as published by The Debt Podcast on December 29, 2008 (boomark / email).

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