RI Bankruptcy Law: Median Income Figures Change Again
RI Bankruptcy filers will find it slightly more challenging to qualify for Chapter 7 bankruptcy relief with the newly released median income figures.
Rhode Island Bankruptcy Debtors Catch a Break
Twice a year, the US Census Bureau and the IRS provide data used by bankruptcy lawyers to determine who qualifies for debt relief. On May, 1, 2012, the new income numbers became effective for all new bankruptcy case filings. The good news is that median income figures rose for all household sizes in Rhode Island. Below […]
Rhode Island Bankruptcy Information
Filing Chapter 7 and Chapter 13 bankruptcy in Rhode Island.
RI Bankruptcy Means Test
Since 2005, the bankruptcy “Means Test” has been used to determine who qualifies for Chapter 7 bankruptcy relief here in Rhode Island. It acts as a “gatekeeper”. The Means Test attempts to measure the cost of living in Rhode Island and how your gross income compares to that of other families of the same size. The test […]
