As of November 1, 2024, New Means Test Figures May Lead to More Debtors Failing the Means Test
When debtors are struggling financially and are contemplating filing for bankruptcy, they must determine what Chapter of bankruptcy to file. Chapter 7 bankruptcy allows debtors to achieve a fast financial fresh start by discharging their debts, while Chapter 13 bankruptcy requires debtors to pay at least a percentage of their debt in a Court confirmed […]