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Bankruptcy

: Bankruptcy Law Network

What is ?median family income? and why do I care? One of a series

By David Leibowitz, Illinois and Wisconsin Bankruptcy

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Congress thinks that people who are above-average earners are abusing the bankruptcy system when they file chapter 7. Congress wanted above-average earners to file cases under chapter 13 and devote 5 years of their disposable income to paying some of all of their debts.

Full post as published by Bankruptcy Law Network on December 23, 2009 (boomark / email).

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