Bankruptcy Calculator | Household Size Determination Bankruptcy Calculator . In the first step of the means test, you compare your income to the median income in your state for a household of the same size. Using the correct household size is important, but sometimes can be tricky to determine. What Is the Means Test? If [...]
Bankruptcy Calculator | Common Mistakes on Means Test Bankruptcy Calculator . The means test is often the starting point for anyone who is filing for bankruptcy. It determines if you are eligible for Chapter 7 bankruptcy, and impacts your plan length in Chapter 13 bankruptcy. The means test is a complicated form, and mistakes are common. [...]
Bankruptcy Lawyer | Senior Citizens & Bankruptcy Bankruptcy Lawyer . Decreasing pensions and rising health care costs are causing more and more elderly Americans to seek bankruptcy relief. Senior citizens enjoy certain advantages over other debtors when filing for bankruptcy. But for seniors that own a lot of nonexempt property, bankruptcy may not be the [...]
Bankruptcy Lawyer | Bankruptcy Alternatives Bankruptcy Lawyer . If you are struggling with debt, bankruptcy might be a good option. But before you file for Chapter 7 or Chapter 13 bankruptcy, explore alternatives to bankruptcy. In some situations, a non-bankruptcy course of action may be your best remedy. Read on to learn about the main [...]
Bankruptcy Attorney | Bankruptcy v. Doing Nothing Bankruptcy Attorney . If you are struggling with debt, bankruptcy may seem like a good way to get back on your feet. But not everyone who is struggling needs to file bankruptcy right away. There may be times when doing nothing (at least for now) is the best [...]
Bankruptcy Lawyer | Considering Bankruptcy? Bankruptcy Lawyer . Here are some things to think about before you decide to file for Chapter 7 or Chapter 13 bankruptcy. What is your total debt? For many individuals, filing for bankruptcy relief can provide a way out of debt and a fresh financial start. But whether or not [...]
Bankruptcy Lawyer | Which Debts To Pay First? Bankruptcy Lawyer . The decision to pay down your debt is a great first step toward getting your finances under control. However, it's important to prioritize which debts you pay first. Debts often grow at different rates and have different consequences for default. Throwing your limited cash at [...]
Bankruptcy Calculator | Consumer v. Non-consumer Debts Bankruptcy Calculator . It's not always easy to determine if a debt is consumer or non-consumer for purposes of the Chapter 7 means test (bankruptcy calculator). If you classify most of your debts as business debts, the bankruptcy trustee and court will review these debts carefully. Why the [...]
Bankruptcy Lawyer | Tips for Avoiding Debt Bankruptcy Lawyer . The best way to avoid never-ending pressure from creditors to repay overdue bills is to not let the bills become overdue in the first place -- or better yet, to avoid getting into debt at all (to the extent possible). Even though credit cards, mortgage [...]
Bankruptcy Attorney | Refinancing Do's and Don'ts Bankruptcy Attorney . To refinance is pay off one or more old debts by getting a new loan from a new or existing lender. Refinancing is a common way for homeowners to take advantage of lowered interest rates or improved credit scores. It is sometimes an appropriate way [...]