How To “Qualify” For Bankruptcy
Money matters and how well the economy is doing always seem to be a hot topic for politicians and congressmen. The number of bankruptcy filings and the amount of debt being eliminated continues to grow on a daily basis, and this leaves lenders looking for other options or ways to prevent one of their debtors from filing for bankruptcy. But distressed borrowers have the right to seek the...
What Is The Means Test And How Does It Work?
There are two types of bankruptcy available to consumer debtors. You can file a bankruptcy under Chapter 13 and doing so will work to reorganize your debt into a plan of repayment. This plan will include repayment of your secured debt such as your home loan, and also require you to repay part of your unsecured credit card debt. But if you are eligible for a Chapter 7, you get to discharge...
Do I Make Too Much Money For Bankruptcy?
It seems odd to think that there is such a thing as making too much money, and especially too much money to file for bankruptcy because at least once or twice most people have heard or been told that bankruptcy is available for nearly everyone. While this is generally a true statement, there are certain rules that have to be followed and in some cases the amount of income you have does play a...