The Idaho Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a legal document used in the bankruptcy process. This form is specific to Idaho and is used to obtain court approval for the disclosure statement and to schedule a confirmation hearing. The disclosure statement is a crucial document in bankruptcy cases as it provides creditors with important information about the debtor's financial affairs, assets, liabilities, and proposed repayment plan. It allows creditors to make an informed decision on whether to support or object to the debtor's proposed reorganization plan. The Order Approving Disclosure Statement and Fixing Hearing on Confirmation is issued by the bankruptcy court judge after reviewing the disclosure statement. It declares that the disclosure statement is accurate, complete, and provides sufficient information for creditors to make informed decisions. Furthermore, this order sets a date for the confirmation hearing, where the court will determine if the debtor's proposed repayment plan is feasible and in the best interest of the creditors. There are no different types of Idaho Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 1fopperyre and post-2005 acts. However, it is important to note that the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 implemented significant changes to the bankruptcy code. These changes affect various aspects of the bankruptcy process, including requirements for disclosure statements and confirmation hearings. In summary, the Idaho Order Approving Disclosure Statement and Fixing Hearing on Confirmation — Form 13 is a crucial legal document in the bankruptcy process. It ensures that creditors receive accurate and sufficient information and establishes a schedule for the confirmation hearing. While there is no distinction between PRE and post-2005 acts for this specific form, it is important for individuals involved in bankruptcy proceedings to understand the changes brought about by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
Idaho Order Approving Disclosure Statement and Fixing Hearing on Confirmation - Form 13 - Pre and Post 2005 Act
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How to fill out Idaho Order Approving Disclosure Statement And Fixing Hearing On Confirmation - Form 13 - Pre And Post 2005 Act?
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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.
Idaho Code § 11-605 exempts appliances, furnishings, books, clothing, pets, musical instruments, one firearm, family portraits, and sentimental heirlooms to $750 per item with a total of $7,500. Idaho Code § 11-605(2) exempts jewelry up to $1,000.
If a filer qualifies for an exception to the means test, they will file Form 122A-1Supp. You can earn a high income and still pass the means test if you have substantial expenses like a hefty mortgage, multiple car payments, taxes, childcare, health care, or care of an elderly or disabled person.
Even if your income is higher than the median, you still can qualify for Chapter 7 if you don't have enough money left after qualifying expenses to pay on a Chapter 13 repayment plan. Failing the more complex means test calculation isn't even the end of the chances you get.
You'll add all income earned from all sources during the full six months immediately before filing and multiply the amount by two. Here are examples of the types of income you'll include: gross wages, salary, tips, bonuses, overtime, and commissions. alimony and maintenance payments.