Archive for the ‘bankruptcy’ Category

When bankruptcy seems like the only option

Monday, April 20th, 2009

by Josh Ramos If you're thinking about declaring yourself bankrupt in order to solve your debt problems, you want to make sure you consider all of your bankruptcy alternatives carefully before you make the final decision. You may find that you're able to eliminate your debt through other methods such as ...

Are You Eligible for a Chapter 7 Bankruptcy?

Tuesday, April 14th, 2009

by Stephen Trezza A bankruptcy trustee uses two different analyses to determine whether or not a debtor is eligible for a chapter 7 bankruptcy. Using the median/means test, the trustee averages the debtor's income for the previous six months. In addition, the trustee will look at a debtor's current income and ...

Bankruptcy Means Test

Tuesday, February 17th, 2009

The bankruptcy laws have changed over the years. One of the more complicated, controversial and frustrating aspects of filing for bankruptcy today is that every person who wishes to file must first take a bankruptcy test. Known as a bankruptcy means test, it is a mathematical calculation that is used ...