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Bankruptcy

: The Debt Podcast

Determining Household Size for Means Test

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The means test is a key feature of the 2005 BAPCPA bankruptcy amendments. It incorporates state median income figures to determine who should pay back some of their debts in a Chapter 13 plan. Median income is on a sliding scale based on family size. Consequently, the more people one can claim as [...]

Full post as published by The Debt Podcast on May 20, 2009 (boomark / email).

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