You might be surprised to hear a consumer bankruptcy lawyer say something positive about the Chapter 7 means test. After all, the test is an unnecessarily complicated scheme that pushes some middle-income people who need to file under . . . → Read More: Avoiding the Bankruptcy Means Test
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 Comments are closed  Very little in bankruptcy causes more confusion and anxiety than the Chapter 7 means test. Many people assume that the means test will automatically force them into a Chapter 13 payment plan or prevent them from filing for bankruptcy at all. Although these assumptions are not true in most cases, the confusion is understandable. The . . . → Read More: The Bankruptcy Means Test: An Attorney’s Explanation Comments are closed
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Many people assume that if their income is relatively high, they cannot file for Chapter 7 bankruptcy. Often this assumption is incorrect. It is not by any means unusual for a “high-income” debtor to file under Chapter 7. In fact, I have successfully represented clients