Tag: means test
Bankruptcy After Covid-19
In the midst of Covid-19, Congress passed a relief package which included changes to bankruptcy law after Covid-19. Most attention to the federal government’s corona virus bill focused on stimulus payments. People looked for help to those unemployed by the pandemic. Unemployment claims skyrocketed Congressional action gave relief to those […]
Veterans in Bankruptcy – V.A. Benefits Excluded from Means Test
Veterans in bankruptcy face enough challenges. One such challenge no longer exists. The federal government on August 23, 2019 enacted the Honoring American Veterans in Extreme Need Act of 2019. Also known as “HAVEN” the law amends Section 101(10A) of the U.S. Bankruptcy Code. As a result, Veterans Administration and […]
BANKRUPTCY PETITION PREPARERS
Bankruptcy petition preparers offer an option sort of like a guy in a trench coat selling wrist watches. Bankruptcy petition preparers are not attorneys but offer ‘document preparation services’. With a word processor and a computer, pretty much anyone can create a pile of paper. But a troublesome issue looms […]
Bankruptcy Basics: Chapter 7, Chapter 13
There are two basic types of consumer bankruptcy, Chapter 7 and Chapter 13. Chapter 7 cancels or “discharges” many types of debt. Most credit card, medical, and other unsecured debts are discharged, as are most court judgments and loans. Many filers find all of their debts discharged. Debts not discharged […]
Should I File Bankruptcy? What Basics Should be Considered?
Should I file bankruptcy? Just the thought can overwhelm. Mountains of debt, collections and other pressing issues bring the issue into view, requiring a look at pros and cons. First, calculate how long it will take to pay off your debts. Throw all credit cards in a drawer. Figure how […]
Keeping Cars in Bankruptcy
Is keeping cars in bankruptcy possible while still discharging credit card debt? We want to file a chapter 7 bankruptcy. How do we tell if we make too much money to even file a chapter 7?. Whether or not bankruptcy filers can keep any individual piece of property depends on […]
