Category Archives: Chapter 7

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What Is the Means Test in Bankruptcy?

In 2005, the United States enacted the Bankruptcy Reform Act. Under the new guidelines, the courts are able to make a determination about whether or not you would be able to afford payments under a reorganization of your debt – in accordance with a Chapter 13 filing. One of the largest differences between Chapter 7……
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How to File for Chapter 7 Bankruptcy

One of the many reasons people shy away from filing for bankruptcy is simply because they are not aware of the bankruptcy process and what it entails. It can be quite involved and requires attention to detail. This does not mean bankruptcy should be an option you shy away from as you seek a way……
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Debts Discharged in Chapter 7 Bankruptcy

Many people elect to file for Chapter 7 bankruptcy since it is a good choice to discharge most or all of your debt. Of course, there are a few debts that can be categorized as non-dischargeable, but under Chapter 7 there are plenty of different types of debt that can be discharged. For starters, a……
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Getting Your Driver’s License Back via Chapter 7 Bankruptcy

Losing your driver’s license can be a detriment to your daily life. Instead of transporting yourself to work, you might have to take public transportation, walk or ride a bike, which can be difficult things to do when things like weather and crowds factor in. This is why it is important to pay any fines……
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Chapter 7 Bankruptcy and Medical Debt

One of the biggest ways people end up accruing debt ends up being a combination of inadequate health insurance coverage and the constantly increasing cost of healthcare. People find it difficult to meet the financial demands and high costs associated with treatments, surgeries, medications, etc., leaving them facing considerable medical debt. Despite this ever growing……
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