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INCLUDING YOUR SPOUSE’S INCOME ON THE MEANS TEST

When a married individual chooses to file bankruptcy, it doesn’t always mean that both spouses file jointly. There are certain situations which make it more beneficial for just one spouse to file bankruptcy. In the event one spouse files for Chapter 7...

INELIGIBILITY UNDER CHAPTER 7

Chapter 7 bankruptcy can be a very appealing form of bankruptcy to file. It discharges a good portion of the filer’s debts completely, almost guaranteeing a fresh start and another chance at financial solvency. However, because this type of bankruptcy...

WHAT DOES IT MEAN THAT I HAVE NONDISCHARGEABLE DEBTS?

When you are looking into a fresh start, it may be disappointing to find that in any bankruptcy ruling there are certain debts that just won’t ever go away. These debts are called nondischargeable debts and while you may wonder what the benefit of bankruptcy is...

THE PROCESS OF CHAPTER 7

The first step in filing for Chapter 7 bankruptcy is to confirm that you qualify for the form of bankruptcy many people prefer. The means test essentially considers your income against how many people are in your household, as well as questions about your debts and...

CONSIDER THE BENEFITS OF FILING BANKRUPTCY

Anyone who has experienced issues with money knows how stressful it can be. You may feel like you don’t make enough or struggle with paying all of your bills. Those who have managed to land on their feet and avoided seeking legal help were lucky, but there are...