In order to qualify for Chapter 7, you must pass the "means test"-a formula used to determine whether you have enough money to pay creditors. The purpose of the means test is to reserve Chapter 7 for ...
Not all debts are dischargeable in a Chapter 7 bankruptcy. These non-dischargeable generally debts include but are not limited to: Most taxes (some exceptions for income taxes debt 3-years old) Child ...
The short answer is yes. Virtually all of your unsecured loans can be discharged through Chapter 7 bankruptcy. Your personal loans are unsecured loans as long as you have no collateral attached to ...
The Bankruptcy Code gives you two options when you file for Chapter 7: assume your lease (keep it) or reject it (get rid of it). But why would you do either? You might want to assume your lease if you ...
Yes, you can keep your home as long as: $75,000 if you are single, $100,000 if you are a part of a family unit, or $175,000 if you are over 65 or physically disabled or under 55 with less than $15,000 ...
When filing for bankruptcy , married couples tend to file jointly because they are so financially intertwined and their debts are comingled. California couples are especially financially entangled ...
