by Mark J. Markus | Feb 20, 2015 | Bankruptcy Law, means test, retirement accounts
In my opinion, using retirement or other protected funds to pay your debts is almost always a bad idea. Yet it is one of the most frequent “solutions” people utilize in their quest to deal with debt problems and their misguided attempts to avoid filing...
by Mark J. Markus | Nov 30, 2014 | Bankruptcy Law, chapter 7, means test, new bankruptcy laws
Yes, I went there. I said the “B” word. Most people would rather get strung upside-down naked and lowered into a pile of fire ants than consider bankruptcy. And I don’t understand why. Many times–dare I say MOST times–bankruptcy is by...
by Mark J. Markus | Mar 1, 2014 | Bankruptcy Law, chapter 7, means test
Bankruptcy Audits By The Office Of The U.S. Trustee Bankruptcy case audits are back! According to the website of the United States Trustee (a branch of the United States Department of Justice), and as reported recently in an article by Jacqueline Palank of the Wall...
by Mark J. Markus | Jan 21, 2014 | Bankruptcy Law, means test
Gross Income Is Used For Certain Parts of Bankruptcy Means Test Determining which chapter of bankruptcy one is eligible to file has always been tricky. But with the addition of the Means Test and other determining factors in 2005, bankruptcy eligibility became even...
by Mark J. Markus | Aug 15, 2012 | bankruptcy definitions, means test, new bankruptcy laws
Much has been written about the dreaded bankruptcy means test (Official Form 22A) that was created by Congress and became law with the 2005 amendments to the Bankruptcy Code. And much of what has been written is very hard to understand. That’s probably because...
by Mark J. Markus | Mar 1, 2012 | Bankruptcy Alphabet, Bankruptcy Law, chapter 7, Legislation, means test, new bankruptcy laws
The New Bankruptcy Laws Are All About Numbers People are Not Numbers When numbers are used to identify people, it’s usually when they are in prison. The Bankruptcy laws used to be about helping out people (and businesses) in need. They were about equitable...
