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How Does the Chapter 7 Means Test Work?

Posted on September 10 2013 by Jenna Major

How Does the Chapter 7 Means Test Work?

There is a large number of people filing for Chapter 7 bankruptcy in order to receive debt relief. Because of this the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 created a means test to help figure out whether a filing is presumed...

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Is There a Minimum Amount of Debt Required to File for Bankruptcy?

Posted on September 4 2013 by Jenna Major

Is There a Minimum Amount of Debt Required to File for Bankruptcy?

A common inquiry of debtors about bankruptcy is the minimum amount of debt required to receive a debt discharge. The truth is it doesn't matter how small your debts are. However, there is a maximum limit of debt to be eligible to file a Chapter 13 case....

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