Chapter 7 Bankruptcy not for everyone – can you pass the means test?

Chapter 7 bankruptcy is the fastest legal way to discharge unmanageable debt.  However, many people who come to me for advice on filing bankruptcy are surprised to learn that they earn too much income to qualify for this form of debt relief.  This week, I spoke with a gentleman who was a perfect candidate for a chapter 7 bankruptcy: a recent divorce has left his personal finances in disarray, with a mortgaged house that neither he and his former wife can afford to pay.  However, this father of one earns $85,000.00 a year – too much income to qualify for chapter 7 bankruptcy.        Continue Reading

Recent Articles

August 10, 2018

When do you need an Orlando bicycle accident attorney?

READ MORE
August 05, 2018

How Hits Hurt: Football and Traumatic Brain Injury

READ MORE
August 02, 2018

How To Deal With Your Doctor After A Car Accident in Orlando

READ MORE
BROWSE ALL OUR BLOGS