New Figures for Means Test Income and Expense Calculations

Effective March 15th, 2009, the means test for family median income figures and expense allowances will change. To view the new means test figures check out the U.S. Trustee website.

The means test is used to determine eligibility to file Chapter 7 bankruptcy. If you are in need of a Chapter 7 bankruptcy preparation service, contact MyLegalEdge.com at staff@mylegaledge.com or call 1-888-770-7198.

Your Tax Refund and Filing Bankruptcy

If you intend to file bankruptcy prior to receiving your tax refund, consider the implications of this decision. If your refund is not covered by your state exemption laws, it could become a part of the bankruptcy estate. To fully understand the implications of filing bankruptcy prior to receiving your refund, check your state exemption laws to determine if your full tax refund or a portion of the tax refund can be exempted from the bankruptcy estate.

Also, if you are in need of state specific bankruptcy forms or bankruptcy form preparation services, contact MyLegalEdge.com at staff@mylegaledge.com or call us at 1-888-770-7198.

New Bankruptcy Affiliate

Attorney Rodney Dixon, Esq. has joined MyLegalEdge.com as an affiliate to handle Chapter 13 bankruptcies in Mississippi. This state specific service is an addition to the Chapter 7 Preparation Services we offer nationwide.

For bankruptcy forms or to order our Chapter 7 Preparation Services, you can e-mail us at staff@mylegaledge.com or use our toll free number 1-888-770-7198.

Department of Justice Accepting Comments for Proposed Rule

The Department of Justice is currently accepting comments on the rule entitled “Application Procedures and Criteria for Approval of Providers of a Personal Financial Management Instructional Course by United States Trustees.” [Read more]

Bankruptcy Filing Fees

If you are contemplating filing bankruptcy, there are certain fees associated with your filing. Listed below are the statutory fees for a bankruptcy filing:

Chapter 7 Filing Fee:     $299.00

Chapter 13 Filing Fee:   $274.00

Conversion Fee:             $15.00 (Change a Chapter 13 to a Chapter 7)

Amendment Fee:           $26.00 per amendment

If you are in need of bankruptcy forms, just e-mail MyLegalEdge.com at staff@mylegaledge.com. We will be sure to contact you promptly.

Senator Durbin Seeks Assistance for Homeowners

Senator Dick Durbin (D-IL) will hold a press conference on Tuesday, Dec. 9th, at 12:30 p.m. He will announce that the very first bill he will introduce in the first minute of the first day of the 111th Congress will be his “Helping Families Save Their Homes in Bankruptcy” legislation. Senator Durbin’s intent is that this legislation is included in the economic stimulus package that will be considered in the first weeks of the new Congress

To read the bill go to: Helping Families Save Their Homes.

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