Is all disposable income taken for chapter 13 bankruptcy?

Answer For an individual filing chapter 13 bankruptcy, all "disposable income"---which means all income that is not earmarked for child support payments owed to the debtor as well as an amount of money re... Read More »

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North Carolina Chapter 13 Bankruptcy Laws for Disposable Income?

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 introduced a means test into the area of bankruptcy law. The results of the means test tells you whether your income qualifies yo... Read More »

How do I calculate disposable income in chapter 13?

Regular IncomeDetermine your regular monthly income by looking at your last six months of pay stubs. Add any other forms of income, including part-time jobs or fixed income payments. You do not nee... Read More »

What can be taken in a Chapter 7 bankruptcy?

The decision to file Chapter 7 bankruptcy should be thought out carefully. It is important to know what assets may be seized during this process.AssetsItems such as automobiles, furniture, money o... Read More »

In Pa in chapter 7 bankruptcy can person use Federal Bankruptcy Exemtion to keep 120000 paid off condominium if this is only asset and only projected income is 238 monthly?

Refer to your last similar Q.Yes you have a 125K Federal Homestead Exemption.Yes you have issues that need to be protected by an attorney in the BK process (any creditor will have one and they will... Read More »