With permission from the creators of BAPCPA Man, here is BAPCPA Man #6 – Unemployment, Median Income and the Means Test: Read more: Business Bankruptcy Lawyer (Click here to see larger version of the image.)
Rising unemployment in the U.S. has made the “means test” all the more significant for individuals considering filing for bankruptcy in New York and elsewhere. The means test refers to the eligibility requirement under the 2005 bankruptcy law. To be eligible to file for Chapter 7 bankruptcy in New York, an individual’s income must be …
“And hey. Be careful out there.” Though I may be dating myself with a quote from Hill Street Blues (the famous urban police drama), never has it been more appropriate for New Yorkers facing unemployment, credit problems and bankruptcy than it is today. Recently the New York Times ran an article–“Online Scammers Prey on the …
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