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What is a bankruptcy means test?

Let’s be honest. Consumer bankruptcy is not a fun route to travel, but it can be necessary to settle your debts and start financially anew. In fact, filing for bankruptcy and settling debt can lift a great weight off of…

Debtor obligations when filing Chapter 13 bankruptcy

When filing for Chapter 13 bankruptcy, debtors may expect the courts to remove all financial obligations to creditors. Though bankruptcy helps minimize or erase some of these debts, Chapter 13 does not discharge all obligations. In addition to repaying creditors,…

How to keep the family home during bankruptcy

Individuals usually decide to declare bankruptcy after they have exhausted all other financial options. Bankruptcy allows people a fresh financial start, but with a cost. To satisfy as many outstanding debts as possible, banks may require an individual to liquidate…

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