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Bankruptcy Plan – Thanksgiving Costs

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About Ralph A. Ferro Bankruptcy Lawyer

Bankruptcy Plan – Thanksgiving Costs

Costs affect your Chapter 13 Plan

Written and Verified by Ralph A. Ferro, Jr., Esq.

As a New Jersey bankruptcy attorney, I see that even the little costs matter in an individual’s finances.   One of the requirements of Chapter 13 bankruptcy is putting together a bankruptcy plan.    Here details of income and expenses are provided.

Now as the job market is adversely affecting many,  there is some good news for Thanksgiving this year for finances.

As costs seem to be rising, the Farm Bureau’s 35th annual survey indicates the average cost of this year’s Thanksgiving feast for 10 remains affordable at $46.90 or less than $5.00 per person. https://www.fb.org/newsroom/farm-bureau-survey-thanksgiving-dinner-cost-down-4

The cost of your Thanksgiving feast is a $2.01 decrease from last year’s average of $48.91.

As we all know the main part of your Thanksgiving dinner is the actual turkey.  The cost for a 16-pound bird is about $19.39.    The turkey costs about $1.21 per pound.  That cost is a 7% decrease from last year.   The Farm Bureau’s annual survey states that the cost of a retail turkey is the lowest since 2010.

There are no shortages of turkeys despite the COVID-19 pandemic.   The farmers are facing many challenges but are still working hard to feed America and the world.

My bankruptcy clients are all working hard to keep up with their monthly New Jersey Bankruptcy Chapter 13 Plan payments.   Some of the NJ Bankruptcy Chapter 13 Plan https://njbankruptcylawfirms.com/chapter-13-bankruptcy/ payments have even been extended beyond the 60 months.   Due to COVID-19, it is possible to extend the Chapter 13 Bankruptcy Plan to 84 months.

As a New Jersey Bankruptcy Attorney, I see that the most important part of my clients’ lives are their families.    This Thanksgiving, the table may have fewer guests but the amount of blessings and thanks are endless.

A small item, like the reduced cost of Thanksgiving dinner, is an important factor.

As a New Jersey Bankruptcy Attorney, I am thankful for all my clients and friends.


I am thankful for my clients and friends.

I wish you & your families a wonderful Thanksgiving.

Ralph A. Ferro, Jr., Esq.

Board Certified New Jersey Bankruptcy Lawyer