http://ca-bankruptcylaw.com/2010/04/the-bankruptcy-means-test-and-benefits-income-a-short-course/ Wed, 25 Jan 2012 04:07:34 +0000 hourly 1 http://ca-bankruptcylaw.com/2010/04/the-bankruptcy-means-test-and-benefits-income-a-short-course/comment-page-1/#comment-552 Nick C. Thompson Wed, 01 Sep 2010 20:43:29 +0000 http://ca-bankruptcylaw.com/?p=568#comment-552 Nick Thompson Louisville Kentucky Bankruptcy Attorney We always have to remember that the means test does not apply to the individual filing with the majority of his income with business debt and that this was done so that it would encourage people to go into business. We can strip the first mortgage on commercial loans but 1st residential home mortgages. We encourage people to go to college but dissallow them to file bankruptcy when they cant repay. Presently 829 billion is owed to student loan debt while less than that 826 is owed to credit cards. We get a deduction to reasonable secured debt like mortgage payments, yet we cant use the student loan as a deduction on the means test. Nick Thompson Louisville Kentucky Bankruptcy Attorney
We always have to remember that the means test does not apply to the individual filing with the majority of his income with business debt and that this was done so that it would encourage people to go into business. We can strip the first mortgage on commercial loans but 1st residential home mortgages. We encourage people to go to college but dissallow them to file bankruptcy when they cant repay. Presently 829 billion is owed to student loan debt while less than that 826 is owed to credit cards. We get a deduction to reasonable secured debt like mortgage payments, yet we cant use the student loan as a deduction on the means test.

]]> http://ca-bankruptcylaw.com/2010/04/the-bankruptcy-means-test-and-benefits-income-a-short-course/comment-page-1/#comment-453 The Bankruptcy Means Test and Benefits Income – A Short Course « Kentucky Bankruptcy Attorney Wed, 28 Apr 2010 18:54:04 +0000 http://ca-bankruptcylaw.com/?p=568#comment-453 [...] – A Short Course California Bankruptcy Attorney Malcolm Ruthven provides a short, but nice, explanation of what is considered income, as far as benefits go, for the bankruptcy means [...] [...] – A Short Course California Bankruptcy Attorney Malcolm Ruthven provides a short, but nice, explanation of what is considered income, as far as benefits go, for the bankruptcy means [...]

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