Many people who are contemplating filing bankruptcy ask the question, what exactly is the job of the bankruptcy trustee? Is he my friend...

The principal provision of this Congressional enactment was the addition of a “means test” designed to prevent higher income earners from...

TIP #1 – Reassuring the Debtor One of the most common concerns the debtor has (when inquiring about how the bankruptcy process works) is...

The “means test” is a formula designed to keep filers with higher incomes from filing for Chapter 7 bankruptcy. Only bankruptcy filers with primarily consumer debts, not business debts, need to take the means test. High income filers who fail the means test may use Chapter 13 bankruptcy to repay a portion of their debts, but may not use Chapter 7 bankruptcy to wipe out their debts altogether. However, having to take the Chapter 7 means test doesn’t mean that you must be penni

While there are many reasons for the rise in bankruptcy filings, with working families falling victim to job losses, the collapse in the...