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Terrance Leeders -chapter 7 and chapter 13 bankruptcy lawyer

Chicago Bankruptcy Attorney

LEEDERS LAW

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means test

Dispel bankruptcy myths

Top 5 Bankruptcy Misconceptions

December 14, 2017credit score, future credit, means test, top 5 bankruptcy misconceptionscredit score, free consutlation, means testLeave a commentTerrance Leeders

Top 5 Bankruptcy Misconceptions

Many people hesitate filing for bankruptcy.  No one wants to do it.  But many, should do it.  Making that determination is often the hardest part about filing for bankruptcy.   There are many...

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high income broke debtors… recent trends in bankruptcy

November 10, 2015chapter 13, chapter 7, means testLeave a commentTerrance Leeders

http://qz.com/520414/the-high-earning-poor/Do you earn a decent salary, but live...

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I is for Income

July 12, 2012Income, means test, Schedule ILeave a commentTerrance Leeders

Income.  So many topics to cover.  Schedule I is where income is listed in a bankruptcy petition. The Means Test Form 22a and Form 22C (chapter 7 or chapter 13 respectively) computes disposable monthly income too.  This is a 6...

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New updated median income figures for bankruptcy filers

February 7, 2008chapter 13, chapter 7, household size, means test, median income1 CommentTerrance Leeders

Median income level for Illinois based on family sizeEffective: 2/1/08

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1 Earner
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Can a spouse file an individual bankruptcy?

March 21, 2007chapter 13, chapter 7, CMI, joint filing with spouse, means testLeave a commentTerrance Leeders

I received an email today from a prospective client asking if a spouse could file bankruptcy without her spouse. Excellent question. Although both spouses are not required to file bankruptcy jointly, the Bankruptcy Code does require both...

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Feb 1 – Updated census bureau median income in Illinois

February 9, 2007bankruptcy petition, census bureau, CMI, means testLeave a commentTerrance Leeders

For Illinois Bankruptcy filings: Census Bureau Median Family Income By Family Size <h3 style="color: rgb(51, 255, 51);"...

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Bankruptcy Chapter 13 Law update

February 1, 2007chapter 13 bankruptcy, means testLeave a commentTerrance Leeders

Projected Disposable Income is the Same as Disposable Income(Form B22C Controls)In re Farrar-Johnson, WL 2662709 (Bankr. N. D. Ill. 9/15/06.)Under Chapter 13 where a debtor is above the median income, section 1325(b)(3) makes clear that Schedule...

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