Category: Bankruptcy

2020 Allowable Living Expenses Transportation Standards

2020 Allowable Living Expenses Transportation Standards The transportation standards for taxpayers with a vehicle consist of two parts: nationwide figures for monthly loan or lease payments referred to as ownership costs, and additional amounts...

Chapter 7 Means Test Explanations

Following is a line-by-line summary of Form 22A and various recurring disposable income issues likely to arise in chapter 7 under the BAPCPA provisions of 11 U.S.C. § 707(b).   Line 1B, Declaration of...

Census Bureau Median Family Income By Family Size

For Cases Filed On or After May 1, 2020 The following table provides median family income data reproduced in a format designed for ease of use in completing Bankruptcy Forms 122A-1 and 122C-1. Check...

2020 Allowable Living Expenses National Standards

IRS’s National Standards for Allowable Living Expenses IRS Collection Financial Standards are intended for use in calculating repayment of delinquent taxes. National Standards have been established for five necessary expenses: food, housekeeping supplies, apparel...

Chapter 7 Bankruptcy Forms

Chapter 7  – Liquidation You must file Chapter 7 Statement of Your Current Monthly Income (Official Form122A–1) if you are an individual filing for bankruptcy under chapter 7. This form will determine your current...

Bankruptcy Forms

  United States Courts Bankruptcy Forms Chapter 7. Liquidation Under the Bankruptcy Code Chapter 9. Municipality Bankruptcy Chapter 11. Reorganization Under the Bankruptcy Code Chapter 12. Family Farmer Bankruptcy or Family Fisherman Bankruptcy Chapter...