Monthly Archives: December 2011

Chapter 7 bankruptcy eligibility in New Hampshire

Starting with cases filed in May 2012, the Chapter 7 “means test” eligibility figures have changed slightly for residents of New Hampshire considering bankruptcy. The new thresholds for annual family income are: Family size = 1, threshold is now $53,177; Family size = 2, threshold is now $63,626; Family size = 3, threshold is now […]

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Changes to the bankruptcy rules as of December 1st

Some changes to the bankruptcy rules went into effect on December 1, 2011. Unlike the wholesale changes that were implemented in 2005, these are to the rules, no the bankruptcy code itself. Most are technical or minor. And it looks like they might actually be helpful to consumers in bankruptcy. The claim form that creditors […]

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It seems like everyone needs a fresh start!

The Boston Red Sox hired a new manager last week; baseball veteran Bobby Valentine will be taking over for Terry Francona next season. When the team announced the new hire, Red Sox general manager Ben Cherington said “One of the best parts of today is that it brings some closure to 2011 and now we […]

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American Airlines bankruptcy may be a boon for consumers

AMR Corp, the parent of American Airlines, somewhat surprisingly filed for Chapter 11 bankruptcy on Tuesday, joining a crowded group of airlines that have been through bankruptcy court lately. Counter-intuitively, American’s bankruptcy could be a good deal for Merrimack Valley consumers, as the airline is expected to cut fares and join in fare wars with […]

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