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The Employee Retirement Income Security Act (ERISA) keeps your money safe from creditors and bankruptcy court, as long as you have a qualified account. Qualified plans include pensions ...
New Mexico taxes all retirement income including Social Security with a deduction for seniors based on income. Low property taxes, combined with affordable median home costs, make it a contender. ...
Nonbusiness bankruptcy filings fell to under 400,000 before edging back up to 434,000 in 2023, according to statistics published by the Administrative Office of the U.S. Courts. With two months ...
Low-income living with social service assistance was depicted in the pilot of 30 Days, a Morgan Spurlock television show. In the episode, aired in 2005, Spurlock and his fiance unsuccessfully attempt to live in the city's Franklinton neighborhood and work in the city on minimum wage.
The study found that "about half" of bankruptcy filers in the year 2001 cited out-of-pocket medical bills in excess of $10,000 as a major contributor to bankruptcy (the average bankruptcy filer in this study was a 41-year-old woman with a median income of $25,000, slightly below the personal income average for that year).
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
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