Photo by Alexander Mils on Unsplash. The recently expired deadline allowing pandemic relief payments from being excluded from the means test was extended to March 27, 2022. Way back at the beginning of the pandemic the CARES Act made some helpful temporary changes to consumer bankruptcy law. (See our blog post in April 2020 about this.) Those changes had expiration … Read More
With smart timing you can take advantage of the unusual way that your “income” is calculated for the Chapter 7 means test.
Besides the many 3-year cost of living increases happening on April 1, 2016, new median income amounts also start applying on the same day.