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Bankruptcy

I'm wondering if anyone on this board has file for bankruptcy 7 or 13?  If so, I'm wondering if your VA Benefit is counted in the means test or not?  I'm read it doesn't and then in some places it is....

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Re: Bankruptcy

I filed 13 and yes they counted it as income for me

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Re: Bankruptcy

This is what I found out from http://codes.lp.findlaw.com/uscode/11/5/II/522 .  I guess most people don't know how to look up the law, but than again, I thank you.Title 11 U.S.C.$552(d)(b) States "The...

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Re: Bankruptcy

Note the words "MAY be exempted." Different states do it differently. Look up your state at LegalConsumer.com.

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Re: Bankruptcy

I looked up my state, and it get's more confused than anything else.  Could I borrow your eyes and see what you might come up with VABA?  The background is this:  My wife and I lived in PA. for 10...

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Re: Bankruptcy

talk to an attorney

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Re: Bankruptcy

I agree with mazboy...you need to contact a Bankruptcy Attorney.You can call a Bankruptcy Attorney and they will discuss your situation on the phone.Survivir

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Re: Bankruptcy

Survivir wrote: I agree with mazboy...you need to contact a Bankruptcy Attorney. You can call a Bankruptcy Attorney and they will discuss your situation on the phone. SurvivirRon wrote:Yes, and you...

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Re: Bankruptcy

Ron91 wrote:Survivir wrote: I agree with mazboy...you need to contact a Bankruptcy Attorney. You can call a Bankruptcy Attorney and they will discuss your situation on the phone. SurvivirRon...

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Re: Bankruptcy

Survivir,One of the discussed issues I do not understand is the remark about how the various states treat bankruptcies.    Bankruptcies are not like marriages where obviously the state laws prevail in...

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Re: Bankruptcy

Yes, federal law applies, but the federal law allows for states to have some of their own options.I think it really matters to have a smart, very well-experienced attorney. They cost extra, but are...

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Re: Bankruptcy

Ron: I don't understand it either. Timlab1955: Check with a Bankruptcy Attorney and ask them what is the Residency Requirements.Here is the list of State Median Family Income Chart....

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Re: Bankruptcy

Timlab, I will PM you tomorrow and give you my insight; good to see you posting again and also good to know that we're ''almost neighbors."

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Re: Bankruptcy

timlab1955 wrote:I'm wondering if anyone on this board has file for bankruptcy 7 or 13?  If so, I'm wondering if your VA Benefit is counted in the means test or not?  I'm read it doesn't and then in...

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Re: Bankruptcy

I filed chap 13 last year. It was part of the means test, but then exempted from it later in the petition. I am from Nebraska

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Re: Bankruptcy

came acrossed this note: http://www.nolo.com/legal-encyclopedia/social-security-income-counted-chapter-7-bankruptcy-means-test.html

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Re: Bankruptcy

Final Note On Bankruptcy -ALL income is counted, but SSDI on the means test!  Talked with Congressman and he suggested that I get all Vet's to write to their Congressman about changing the law.  Other...

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