If you are considering filing for bankruptcy, you have probably heard of the means test. The means test determines whether you are eligible to file for Chapter 7 bankruptcy. The test looks at your income, family size, and expenses to determine whether you qualify for...
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What is the means test in bankruptcy?
There are a lot of reasons to consider filing for bankruptcy. Before you do so, you need to determine which chapter you should file. This process begins with the bankruptcy means test, which will tell you if you are eligible for forgiveness by filing with Chapter 7....
What’s the difference between Chapter 7 and Chapter 13 bankruptcy?
If you are drowning in debt and are considering filing bankruptcy, you’ll first need to decide which type of bankruptcy you’ll seek. For personal bankruptcy, there are two options: Chapter 7 and Chapter 13. But what’s the difference between these? Could you choose...