What is a means test?
A "means test" in a bankruptcy proceeding is one of the factors used to determine whether an individual debtor is eligible to file for bankruptcy under Chapter …
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Legal Articles
What are the basics of a Chapter 7 bankruptcy?
When people talk about filing bankruptcy, they usually are referring to Chapter 7 bankruptcy, which allows you to discharge, or wipe out, most debts that you owe. In many cases, filing Chapter 7 bankruptcy is the quickest and easiest way for a person who owes a lot of debt to get a “fresh start” in life. So long as you are eligible for Chapter 7 bankruptcy relief, and …
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How have bankruptcy laws recently changed?
With a record number of bankruptcies in America on file, Congress has taken action to hold more people accountable for running up debts that they simply cannot pay. In general, the changes in the law may make it much harder for some people file bankruptcy, may make some people ineligible to file Chapter 7 bankruptcy at all, and may take more of your income to repay your debts in a Chapter …
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Bankruptcy Basics
This publication by the Bankruptcy Judges Division of the US Courts provides information to debtors and creditors about the federal bankruptcy …
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