Everything You Need To Know About Bankruptcy In Saint Louis
If you’ve never filed a Chapter 7 Bankruptcy, or more than eight years has passed since your previous Chapter 7 Bankruptcy, you must still pass the Means Test. In 2005, Congress dramatically changed bankruptcy laws. One of the largest changes to the bankruptcy laws was the creations of the Means Test. The Means Test determines whether individuals or families are capable of repaying some or all of their debt.
Read MoreThe calculation of your household size is an important factor in determining whether you qualify for Chapter 7 Bankruptcy or what you must repay to unsecured creditors in a Chapter 13 Bankruptcy. It is important that you meet with an experienced bankruptcy attorney to determine what your applicable household size is.
Read MoreThe Means Test determines whether an individual or couple is eligible to file a Chapter 7 Bankruptcy. However, there are limited circumstances where the Means Test may not be applicable.
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