In Episode 17 of the Balancing Act, Claire & I talk about how we fulfill our CLE requirements.
The means test numbers have recently been updated and took effect on November 1, 2019.
The median incomes for Minnesota have decreased slightly for households of 1 and 2. The median incomes for Minnesota have increased slightly for households of 3 and more. Depending on the size of your household, the new means test numbers may make it either slightly easier or slightly more difficult to quality for Chapter 7 bankruptcy.
Below is a chart that shows the median incomes for means test purposes for bankruptcy cases filed in Minnesota effective November 1, 2019:
*Add $9,000 for each individual in excess of 4.
Note: Your income for means test purposes is determined by all income received in the 6 full months prior to filing your case. We figure out the amount of gross income that you received during those 6 months and then multiply it by 2; if the total is under the “Gross Annual Income” listed in the chart above for your household size, then there will likely not be a means test issue.
If your case is filed any time between November 1 and November 30, for example, then all gross income received from May 1 through October 31 (relevant months: May, June, July, August, September, October) will be used to calculate your gross income for means test purposes.
Elizabeth Rosar Chermack is a Burnsville Bankruptcy Attorney, and can help you analyze whether bankruptcy is the right choice for you. Call (952) 491-0390 or send an email to firstname.lastname@example.org to schedule a consultation.
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In Episode 16 of the Balancing Act, Claire & I talk about balancing our kids’ needs with our clients’ needs. In this episode, I also give a “shout out” to Grandpa Bob (aka Papa) for helping my family out when my husband and I have a Google Calendar scheduling fail.
In Episode 15 of the Balancing Act, Claire & I talk about things to consider when sharing personal information with clients, opposing counsel, and online.
In Episode 14 of the Balancing Act, Claire & I talk about communicating with clients.
In Episode 13 of the Balancing Act, Claire & I discuss how we communicate with opposing counsel.
In Episode 12 of the Balancing Act, Claire & I discuss how we communicate with self-represented opposing parties.
In Episode 11 of the Balancing Act, Claire & I discuss how we market our practices.
In Episode 10 of the Balancing Act, Claire & I talk about the process of “becoming” and how Michelle Obama’s book resonated with us as lawyer moms.
In Episode 9 of the Balancing Act, Claire & I talk about how we stay on top of changes in the law.