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

December 03, 2019

Common Causes of Trucking Accidents

READ MORE
November 11, 2019

Common Injuries Sustained in Trucking Accidents

READ MORE
October 08, 2019

What Happens When an Infectious Disease Results From a Delay in Diagnosis?

READ MORE
BROWSE ALL OUR BLOGS