2017 Bankruptcy Legal Updates
2017 Bankruptcy Legal Updates
2017 Bankruptcy Legal Updates
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December 1, 2017. New official bankruptcy forms are available for use.
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Median Family Income Data Change
November 1, 2017. The median family income data has changed.
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DOJ Reissues Policy Easing Bankruptcy Guidelines for Debtors Affected by Natural Disasters
September 14, 2017. Bankruptcy trustees are encouraged to follow guidelines previously established for debtors affected by a natural disaster.
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New Official and Local Chapter 13 Plan Forms
August 1, 2017. Learn about the progress being made on changes to national and local Chapter 13 plan forms.
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Regional Bankruptcy Filing Increase: Southern District of Mississippi
July 21, 2017. The Southern District of Mississippi experienced a bankruptcy filing spike during the first half of the year.
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Bankruptcy Statistics: Bankruptcy Filings Fall in 2016
July 6, 2017. Bankruptcy filings continue to decline and overall debt burden decreases slightly.
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National and Local Standards Means Test Changes
May 1, 2017. Allowable means test deductions will change.
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Bankruptcy Isn’t Available If Case Involves Marijuana Assets
April 27, 2017. DOJ clarifies that trustees can't administer bankruptcy cases involving marijuana, including matters filed in states that have legalized it.
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Median Family Income Data Increases
April 1, 2017. The median family income data used in bankruptcy has changed.
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Michigan Bankruptcy Exemption Amounts Increase (Effective April 1, 2017)
April 1, 2017. Some of Michigan’s exemption amounts have increased to account for inflation.
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Bankruptcy Audits: U.S. Trustee Finds Errors in 20% of Bankruptcy Filings in 2016
March 1, 2017. U.S. Trustee reports bankruptcy filers made inaccurate statements about income, property ownership, and asset transfers in 20% of bankruptcy filings in 2016.
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Trump Administration Memorandum: Fiduciary Duty Shouldn’t Extend to Financial Advisors
February 3, 2017. The Trump administration's financial management policy favoring quantity over quality could put your retirement at risk.