What is the mean income in Texas for Chapter 7 bankruptcy?

Answer In Texas, for cases filed after March 15, 2009, the median income for a single wage earner is $38,545; for a family of two, it is $54,908; for three, $57,053; and for four, $66,400. Add $6,900 for ... Read More »

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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 »

Is all disposable income taken for chapter 13 bankruptcy?

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 »

Can you claim income tax on Chapter 13 bankruptcy?

No, income tax debt cannot be claimed for discharge on a Chapter 13 bankruptcy. A Chapter 13 bankruptcy allows for the court to create a new payment plan for income tax debt, according to Lawyers... Read More »

Sources of Income for Chapter 7 Bankruptcy?

The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created a means test that all Chapter 7 bankruptcy applicants must undergo. The means test analyzes all of the debtor's income to... Read More »