More thorough lists of terms of art.

In bankruptcy, you hear frequently about “income”, “assets”, and “debts”.  And if the typical bankruptcy debtor was asked to disclose all of these without any further guidance, 9 times out of 10, that debtor would certainly be lost.  Because income means more than just your paycheck.  It can mean social security, business income, even loans and sale profits.  Property doesn’t just mean real estate, but includes vehicles, bank accounts, and stuff you don’t even possess yet, but have a legal interest in.
So what I thought I would do today is create lists of income and assets.  This is not the first time I’ve posted such a list.  But experience teaches us over time to add things to the list.  Still, do not rely on these lists to be entirely exhaustive.
Employment (wages, salaries, commissions, tips, overtime)
Business Income (from a business you own or operate)
Rental Income from Tenants
Child Support, Alimony, or Maintenance
Social Security, SSDI, or SSI
Unemployment Benefits
Workman’s Compensation
Short or Long-Term Disability, VA Disability
Income from Trusts or Annuities
Public Assistance (food stamps, rent or utility assistance, etc.)
Household Contributions (assistance from friends/family to pay bills)
Profits from Sale of Assets
Gambling Winnings
Tribal Per Capita Income
Withdrawals from IRAs, 401(k)s, and Whole Life Insurance
Insurance Payouts
Non-PMSI Loan Income
Student Loans (not dedicated for tuition)  
Real Estate (residence, rental properties, business properties, hunting land, vacant lots, timeshares)
Vehicles (automobiles, motorcycles, ATVs, snowmobiles, boats and watercraft, trailers, campers, RVs, mobile homes, aircraft)
Cash in Wallets, Purses, and Safes
Bank Accounts (checking, savings)
Security Deposits
Sole Proprietorship Business Assets & Ownership Interest in Business Entity (LLC, Corp, etc.)
Stocks and Bonds
Cash Value Life Insurance
Retirement Accounts (pensions, 401(k)s, 403(b)s, IRAs, deferred comp, profit sharing, ESOPs)
Tax Refunds
Accounts Receivable
DSO Arrears
Marital Property Settlements
Potential Lawsuits (personal injury, breach of contract, etc.)
Potential Inheritances / Wills / Trusts / Annuities
Life Estates in Real Property
Sample Household Goods
Sofas, Loveseats, Recliners, Chairs, Ottomans
Coffee Tables, End Tables, Entertainment Centers
Desks & Office Furniture
Cabinets & Shelves
Pillows, Sheets, Comforters, Towels, & Other Linens
Dressers / Armoires
Dining Table / Chairs
Dinnerware (plates, cups, bowls, silverware, etc.)
Cookware (pots, pans, utensils, etc.)
Stove / Oven / Microwave
Refrigerator / Freezer
Other Kitchen Appliances
Washer / Dryer
Computers & Peripherals
Phones & Cell Phones
Other Video Equipment (e.g. DVD Player)
Other Audio Equipment (e.g. CD Player, Radio, iPod)
Other Electronics (e.g. cameras, game consoles, etc.)
 Mirrors, Lamps, Clocks, Rugs
Power Tools / Maintenance Tools
Outdoor Furnishings (e.g. grills, adirondacks)
Lawn Mowers & Snow Blowers
Holiday Decor and Other Decorations
Wedding Rings & Jewelry
CDs & DVDs, etc.
Photographs & Artwork
Firearms & Ammo
Hunting & Fishing Equipment
Sports & Fitness Equipment
Hobby Equipment & Supplies
Musical Instruments
Billiards & Game Tables
Collectibles & Antiques
Season Tickets (e.g. Packers, Brewers, Bucks, Admirals)
Farm Equipment / Livestock / Crops
Aggregate of Minor Miscellaneous Items (cleaning supplies, office supplies, etc.)
Remember that assets may be tangible or intangible, have cash or market value.  You may have legal or equitable ownership interest in the asset.  You may be the sole owner or a partial / joint owner.  You may own the asset presently, or have a contingent / future interest.  Also make note of assets you own that someone else is in possession of, and assets you are in possession of that you do not own.

Updated Median Income Levels

Time once more for the UST’s semi-annual adjustment of median income levels.  These new [Wisconsin] numbers are effective March 15, 2011.  Slightly easier to qualify for Chapter 7 this time.
Household of 1 – from $40,486 to $41,150
Household of 2 – from $55,175 to $56,080
Household of 3 – from $65,187 to $66,256
Household of 4 – from $76,188 to $77,438
Additional Family Members + $7,500 each