Exceptions to the Bankruptcy Means Test
Exceptions to the Bankruptcy Means Test The means test was added to the Chapter 7 bankruptcy eligibility requirements in 2005 and is designed to keep high income filers from qualifying for this type of relief. If your income is lower than the state median income, you...A Summary of the Different Personal Bankruptcy Chapters
Chapter 7 – “The Liquidation Chapter” Who Can File? Individuals, partnerships, corporations Why File? If you have no hope of regaining your financial situation and you seek relief from creditors, this option is for you. You will receive a “fresh start.”...How does filing divorce affect bankruptcy?
How does filing divorce affect bankruptcy? There are certain debts connected to your divorce and otherwise that will not be discharged in bankruptcy, including alimony and child support, some obligations from property settlement, student loans, debts arising from...
Danny Coleman, MBA, Attorney
