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Median Income chart is SUPER confusing- HELP!!!
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Your total household income can be $50,408 for a family of 3. One person can be earning it all. You and your Spouse's combined income could add up to that. If your child is old enough to work and contributes anything toward the Household expenses, that get's added in too.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...
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Thanks. I suspected that was the case. It's just a little confusing b/c of change in terms from "earner" to "people." It would make more sense for the chart to just say, 1 person, 2 people, 3 people, etc... As an English teacher, I can't really see the reasoning in them changing terminology like that. It's very illogical.Filed 4-21-2008
7/16- DISCHARGED!!!!
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I completely understand your point there, Sister.
1 earner could mean a family of 4 with a working parent, a SAH Parent, and 2 small children.
But it doesn't.
Those numbers are the Household count, debtor and debtor's dependents. Not how many earners there are in the household.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...
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Originally posted by sisterfunkhaus View PostI wanted to say thanks again!! You have answered several questions for me in the past. You are always super helpful Thanks!!!
SHE HAS HELPED ME MORE THAN SHE'LL EVER KNOW!!!!!!!!!!!!!!!!!!!
LOVE YOU SF!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!
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Illogical
Thanks. I suspected that was the case. It's just a little confusing b/c of change in terms from "earner" to "people." It would make more sense for the chart to just say, 1 person, 2 people, 3 people, etc... As an English teacher, I can't really see the reasoning in them changing terminology like that. It's very illogical.
Wait til you get more into the process of the new law vs the old law! than let me know what is illogical.
Good Luck, CatchmeifyoucanJuly 2006: Filed Ch13 :blink:
Oct 2006: Converted to Ch7 :clapping:
Jan 2007: DISCHARGED :clapping:
Nov 2007: CLOSED :yahoo::yahoo::yahoo:
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