Apart from income requirements, other criteria affect eligibility for Chapter 7 bankruptcy. As mentioned above, debtors must complete acredit counselingcourse from an approved agency within 180 days before filing. This course helps ensure that individuals understand their financial situation and explore po...
so long as the debtor meets all other eligibility requirements. The Chapter 7 “means test” allows debtors to determine whether their income is low enough to qualify for Chapter 7 bankruptcy. The formula is meant to prevent debtors with higher incomes from obtaining Chapter 7 bankruptcy relief....
Hayden & Butler, PSC, are bankruptcy attorneys near Lexington. We help solve your debt problems. Call us for Chapter 7 & Chapter 13 bankruptcy filings now!
Wheeling bankruptcy lawyer at Thomas E. McIntire & Associates, LC has 30 years of experience to resolve debt problems and chapter 7 and 13 bankruptcy.
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To be clear: the Bankruptcy process is by no means “quick and easy”. Nor should it be; a person filing for Bankruptcy is asking a court to wipe away legitimate debt owed to others.But if your personal situation meets the requirements of the Bankruptcy Court, then the legal forms and ...
What are the income requirements for Chapter 7 in California? Eligibility for Chapter 7 bankruptcy in California hinges significantly on your income level compared to the median income for a household of your size in the state. This is determined through the “means test,” which assesses your ...
The type of bankruptcy you will eventually file depends on your eligibility. There is a fairly complicated set of rules and regulations that dictate your eligibility.The process used to determine bankruptcy eligibility is called a means test.It is commonly understood that it is critical that a hig...
The type of bankruptcy you will eventually file depends on your eligibility. There is a fairly complicated set of rules and regulations that dictate your eligibility.The process used to determine bankruptcy eligibility is called a means test.It is commonly understood that it is critical that a hig...
Declaring bankruptcy can be a fresh start for those in dire financial straits. But not all bankruptcies are the same. Here, we'll look at Chapter 13, also known as wage earner's bankruptcy, a plan to repay debts in a structured manner while preserving assets. ...