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Bankruptcy

: The Debt Podcast

Want a Shorter Chapter 13 Plan? Get a Divorce.

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BAPCPA in effect punishes married Ch. 13 debtors if their non-filing spouse has a “decent” income. by forcing them into longer plans.  One solution might be to get a divorce. Most courts hold that if your income is above the median income for your state, then your Chapter 13 plan must extend for five, not three, [...]

Full post as published by The Debt Podcast on January 31, 2010 (boomark / email).

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