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Bankruptcy

: The Debt Podcast

Documenting Income in Bankruptcy for the Self Employed

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With the passage of the new bankruptcy laws in October, 2005, all debtors must now calculate current monthly income, which is a legal term of art under the new Bankruptcy Code. In a nutshell, current monthly income is the average monthly income for the previous 6 months preceding the Bankruptcy Filing Date. For w-2 employees, [...]

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

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