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Do Work Comp Benefits Impact the Bankruptcy Means Test?

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  • čas přidán 1. 01. 2023
  • Is my worker's comp award included in the calculation of my income for purposes of determining whether I qualify to file bankruptcy? Yes, the Means Test requires you to include all forms of income received over the last 6 months with the exception of social security or federal disability payments. If you receive a significant lump sum award, you may need to wait several months to file bankruptcy to ensure that you qualify under the Means Test.
    #NombergLawFirm #Bankruptcy #MeansTest #Business #Creditors #Chapter11 #Chapter7 #Alabama
    Lawyers Representing the Injured Men and Women of Alabama Since 1967.
    If you have any questions or concerns about this issue or other issues on the law, please call the Nomberg Law Firm at 205-930-6900. Our website is www.NombergLaw.com. Follow us on Twitter bit.ly/3gObVwS or like us on Facebook bit.ly/322csqy.
    Alabama State Bar, Rules of Professional conduct, Rule 7.2 (e), requires the following language in all attorney communications: No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers.

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