Median Income and Means Test in fair Oaks and Sacramento As you may have heard, the 2005 changes to the bankruptcy law added a Means Test to the bankruptcy process. the concept behind this is that if you have the means or ability to pay, you should be in a chapter 13 rather than a [...]
With the new bankruptcy regulation in impact as of October 17, 2005, there is quite a lot of confusion with regard to the brand new “means test” requirement. the means take a look at will likely be utilized by the courts to determine eligibility for Chapter 7 or Chapter 13 bankruptcy. the purpose of this [...]
My husband and I live in Oregon, and need to file for bankruptcy. we had a small business that didn't make it, and personally signed for some of the debt incurred. we contacted an attorney who said that we passed the means test because my husband was on unemployment for several months, but because of [...]