Are There Conditions You Must Meet to Qualify? If you've thought about personal bankruptcy filing as a way to get a fresh start, you may know that you must meet certain qualifications in order to file for permanent debt discharge under Chapter 7. A "means test" is used to determine whether you meet the requirements. There's a general perception … [Read more...]
Pros and Cons of Filing for Bankruptcy
September 13, 2010 by Leave a Comment
A personal bankruptcy filing can help you get a fresh start, putting an end to the non-stop phone calls, letters and legal actions you face. There are consequences to filing for bankruptcy, though. Before submitting aChapter 7 or Chapter 13 petition, you want to consider all the advantages and disadvantages, so that you make the decision that is … [Read more...]
