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Category Archives: Chapter 7 Bankruptcy

bankruptcy means test

Bankruptcy Means Testing for Chapter 7 Eligibility

Chapter 7 bankruptcy eligibility depends upon the means test calculation. Your monthly income and expenses determine whether Chapter 7 liquidation or Chapter 13 wage earner reorganization is proper.      Checking the “Chapter 7” box on the petition is important, but does not guarantee the case will proceed as such. In bankruptcy, those with enough […]