The Illinois Bankruptcy Lawyer Blog

Entries categorized as ‘aoc’

New Median Income Standards (09-2009)

October 13, 2009 · 1 Comment

median income figures (09-2009)

Categories: 1325(a)(5) · 707 · 727 · Administrative Office of the Courts · BAPCPA · Census Bureau · administrative · aoc · bad faith · bankruptcy · ch 13 · ch 7 · consumer · current-events · data · dismissal · disposable · economy

This is how you spend your money …

July 20, 2009 · 1 Comment

Where it all goes ...

Where it all goes ...

This chart was complied and published by Visual Economics

Categories: Administrative Office of the Courts · Census Bureau · Congress · IRS · Middle class · administrative · aoc · article · automatic stay · automobile · bad faith · bailout · bank · bankruptcy · ch 13 · ch 7 · consumer · credit · credit cards · credit counseling · creditor · crisis · current-events · disposable · economy · estate · estate planning · foreclosure · income · individual · interest · investments · means test · median income · non-debtor spouse · pay advices · plan · reaffirmation · research

2 roommates + 2 incomes = 1 happy debtor

July 7, 2009 · Leave a Comment

2 roommates + 2 incomes

2 roommates + 2 incomes

In re Bostwick, 2009 WL 1788046 (Bky.D.Minn. June 23, 2009) 

 Sounds like sanity could be returning to the Bankruptcy system, but you be the judge.  As reported in this piece by Attorney Craig Andresen for the Bankruptcy Law Network, a court in Minnesota has ruled that unrelated roommates living in the same house or appartment constitute a “2-person household’ while at the same time not taking the roommate’s income into account when it came to the debtor’s Means Test. In other words, a debtor living with a roommate in Minnesota can make more money than his neighbor in Wisconsin or Illinois and still file Chapter 7 (or finish Chapter 13 in 3 years instead of 5).  It’s actually an interesting and perfectly logical way to look at things – take a look and see if you don’t agree. The alternative can be downright ridiculous; just ask any consumer bankruptcy lawyer frustrated by the system (hint: that’s everyone …). [read the full article]

Categories: BAPCPA · Blogroll · Census Bureau · aoc · article · bankruptcy · blogging · blogs · case update · ch 13 · ch 7 · consumer · current-events · income · individual · means test · median income

PACER (CM-ECF) Outages for ND IL ED

September 26, 2008 · Leave a Comment

seal of the bankruptcy court

seal of the bankruptcy court

09-28 Sunday 08:00 AM to noon

10-03 Friday 4:30 PM through Saturday Evening (10-04): CM/ECF case information available for reference only – no new cases, documents, or claims can be filed.

10-10 Friday 04:30 PM though Sunday evening (10-12): CM/ECF case information available for reference only – no new cases, documents, or claims can be filed.

Note: outages may be longer or shorter than estimated in this notice.

Categories: Administrative Office of the Courts · ED · IL · ND · administrative · aoc · ch 11 · ch 13 · ch 7 · cir 7

filings head back up! up! up!

September 1, 2008 · Leave a Comment

Almost a million bankruptcy cases were filed since last June according to UST statistics.

The Highlights

Consumer +28.4%

Business +41.6%

Ch. 7 +36.7%

Ch. 13 +16.9%

Ch. 11 +30.6%

Categories: Administrative Office of the Courts · BAPCPA · Census Bureau · Executive Office of the UST · IL · IND · Middle class · UST · administrative · aoc · article · bankruptcy · blogging · blogs · business filings · ch 11 · ch 13 · ch 7 · cir 1 · cir 10 · cir 11 · cir 2 · cir 3 · cir 4 · cir 5 · cir 6 · cir 7 · cir 8 · cir 9 · consumer · current affairs · current-events · data · debt · economy · filings · government unit · individual · pay.gov · subprime · trustee