Written by attorney Gust Sarris, over 3 years ago. STAFF PICK
Determining your level of debt.. Assemble all of your debts. This includes credit cards, mortgages, car payments, insurance, etc. Make yourself a spreadsheet using several simple columns such as,... more
Written by attorney Sean Hanley, almost 2 years ago. STAFF PICK
This FAQ is intended to answer some very basic commonly asked bankruptcy questions. The FAQ covers Chapter 7, Chapter 11, and Chapter 13 Bankruptcy.
Written by attorney Andrew Myers, about 3 years ago. STAFF PICK
Schedule A - Real Estate. Schedule A lists all of the real estate that you own as of the date of filing. This is obvious with respect to your home, if you own the property. It may not be so... more
Written by attorney Jeffrey Foster, about 4 years ago. STAFF PICK
6 Months Income. The first step in deciding whether to file bankruptcy is to evaluate your income over the last six months. This six-month income test is called the "means test" or median income... more
Written by attorney John Wilk, over 2 years ago. STAFF PICK
Chapter 13 Bankruptcy plans have several advantages over Chapter 7 plans. Here's why.
Written by attorney Kevin Cortright, almost 3 years ago. STAFF PICK
Chapter 7 Filing Process The filing of a bankruptcy case is governed by the rules of the bankruptcy court where you will be filing. Always read the rules before filing your case or even filling out... more
Written by attorney Christopher Ariano, over 2 years ago. STAFF PICK
If you are a repeat reader, you may have heard me discuss the means test. Specifically, I have a tendency to blabber something along the lines of "if you current income is lower than the IRS average... more
Written by attorney Michael Sices, over 3 years ago. STAFF PICK
To determine whether a Chapter 7 bankruptcy is abusive, Courts will use what is called a Means Test Formula, which has two important terms to define: Currently Monthly Income (CMI) - How much money... more
Written by attorney Lander Mcloyd, over 2 years ago. STAFF PICK
Filing for Michigan bankruptcy may be the right choice for you if you are faced with mounting debts that you cannot conceivably repay without suffering undue financial hardship or further... more
Written by attorney Mohammad Faruqui, 5 months ago.
Debtors should be aware that there are several alternatives to chapter 7 relief. For example, debtors who are engaged in business, including corporations, partnerships, and sole proprietorships, may... more
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