by admin | Oct 22, 2012 | Uncategorized
Most states exempt household goods up to a specified dollar amount. The federal Bankruptcy Code exemption for household goods exempts single items up to a value of $475 and all items up to a total of $9,850. Occasionally, a question is raised about whether a...
by admin | Oct 22, 2012 | Uncategorized
After figuring out which set of exemption laws apply, you need to calculate how much your property is worth. This calculation must be based not on the cost of replacing your stuff with new items but rather on what it would cost to obtain similar things in used...
by admin | Oct 22, 2012 | Uncategorized
Bankruptcy lawyer Citrus Heights have different styles of practice and one isn’t necessarily better than the other. Some handle a high volume of cases on an assembly line basis, relying heavily on paralegals. Others opt for a lower volume of cases with more personal...
by admin | Oct 22, 2012 | Uncategorized
When taking the median test, you first have to figure out your average monthly income during the six months preceding bankruptcy and multiply this number by 12 to see how you measure up against the median. The six-month period is determined as ending on the last day...
by admin | Oct 22, 2012 | Uncategorized
The Means Test, included in the Bankruptcy Abuse Reform Act, or “BARF”, is a formula that determines whether you can really afford to cough up some cash for your creditors. If you fail the test, your only option is to repay a portion of your debts over a five-year...
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