Idaho Sample Letter for Priority Issue in Bankruptcy
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How to fill out Sample Letter For Priority Issue In Bankruptcy?
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FAQ
Key Elements to Include in the Letter It should include the name and contact information of the debtor, the date of the filing, the court where the bankruptcy was filed, the case number, and the type of bankruptcy filed. It should also provide information about the bankruptcy trustee and the meeting of creditors.
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.
Yes, but your spouse will still be liable for any joint debts. If you file together you will be able to double your exemptions. (see Idaho bankruptcy exemptions) In some cases where only one spouse has debts, or one spouse has debts that are not dischargeable then it might be advisable to have only one spouse file.
The debt will be shared if the person filing lives in a community property state. However, if one spouse files separately, their debt will be discharged, but the other spouse will remain responsible for community property debt.
In a community property state, such as Idaho, debts incurred by either spouse during the marriage are generally considered community debts. If only one spouse files for bankruptcy in Idaho, the eligible community debts of both spouses may be discharged. Idaho follows ?community property? rules.
Married couples can choose whether to file for bankruptcy jointly (together) or individually. You'll determine which will be best for you after taking into account: the value and type of property you own together and separately. the exemption laws of your state that determine which assets you can keep.
