Means Test Pandemic Law Change Extended

Wasson and ThornhillChanges in Bankruptcy Law

money from pandemic relief

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

Coronavirus Law Changes to Consumer Bankruptcy

Wasson and ThornhillChanges in Bankruptcy Law

New $2.2 trillion coronavirus relief law makes modest but potentially important temporary changes to both Chapter 7 and Chapter 13 law.   If you’re thinking about filing a Chapter 7 “straight bankruptcy” case, the new CARES law may help, at least slightly. If instead you’re thinking about a Chapter 13 “adjustment of debts” case, the new law helps in more … Read More

Showing How the Means Test Can Work for You

Wasson and ThornhillQualifying for Bankruptcy

Here’s an example showing how the means test can work for you, especially if you file your Chapter 7 case before the end of 2018.   The month of December is the month that people receive more income than any other month of the year. According to the federal Bureau of Economic Analysis (part of the U.S. Department of Commerce), for at … Read More