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Consumer Bankruptcy - Understanding the New Bankruptcy Law
Social Security As Income

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Social Security As Income

Payment of social security are not included in the calculation of income in the “means test” required by the new bankruptcy law. Some attorneys will further argue that compensation for unemployment, because it is derived from the Social Security Act, should also not be included in the “means test” calculation for monthly income.

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Understanding the New Bankruptcy Law
A guide to understanding the New Bankruptcy Law.

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