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Bankruptcy

: The Debt Podcast

How Do I Pass the Median Income Test in Bankruptcy?

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To qualify for Chapter 7 bankruptcy you must pass the median income test.  Chicago bankruptcy lawyer David Leibowitz blogged how Chapter 11 is an option for some people who have above-median income, in his article “Chapter 11 is for People Too.”  He said that you are presumed to abuse the system if you make more [...]

Full post as published by The Debt Podcast on February 11, 2009 (boomark / email).

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