Are they just trying to have more file chapter13 instead?
Looks like Az changed alot.
Looks like Az changed alot.
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The adjustment is based on census figures for median income. In some states the median income went up. I think for the first few years after the means test was introduced, the median income went up across the board.There are two secrets for success in life:
1.) Never tell everything you know.Comment
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Chapter 7 no longer an option for this Floridian. Could have done 13 months ago. Very frustrating.Comment
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This effects me, too. I was planning on filing the first week of November. Live in the state of California. The new tables show the median income for a family of 3 in California has dropped a little over $3000. Since I was "just over median" this hugely effects when I should/will file. Otherwise, I'm gonna' be pushed into a 13.Comment
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I hear ya! We were going to be under about $2500 -- now it looks like we'll be over about $1500. I'm frustrated too. It's possible my husband may need surgery in the next month - have to wait for a couple of weeks to see how he's healing. If he does, we'll be fine, as his income will drop substantially. If not, I'm hoping we can still do it based on our expenses. Sad that we're wishing for surgery.
04/01/10 - Hit rock bottom and knew we were going to have to file for bankruptcy and surrender our home.
12/14/10 - Filed Chapter 7, 02/09/11 - 341 Hearing, 04/14/11 - 
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When the median income changes, will the national standard dedunction on the means test change also?Comment
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The IRS standards haven't changed.There are two secrets for success in life:
1.) Never tell everything you know.Comment
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