bankruptcy blog

The means test determines whether a debtor is eligible to file a Chapter 7 bankruptcy or a Chapter 13. If the debtor is not eligible for a Chapter 7 the means test will calculate the disposable income available to repay creditors in a Chapter 13 bankruptcy. The means test consists of determining the debtor‘s average  … Read more

One of the biggest benefits of filing bankruptcy is the automatic stay that goes into effect as soon as the case is filed. This  means that those you owe a debt to, your creditors,  are not allowed to keep asking you for money. However,  there are some expenses to pay. There are two types of  … Read more

Over the last ten years, healthcare reforms have targeted lowering the out of pocket costs of healthcare. Research shows that medical debts and expensive medical bills are one of the leading causes of bankruptcy filings in the United States. In fact,  over 60 percent of personal filings come as a result of unmanageable medical bills.  … Read more