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The Means Test

The bankruptcy ‘Means Test’ is a way for the Court to compare your income and expenses with the averages for the number of people in a household and the median income in your region for that family size. If you are above median income there is a rebuttable presumption that you should be in a […]

The Fair Debt Collection Practices Act (FDCPA)

Many people contemplating filing for bankruptcy have had many months, perhaps even years, of collectors using various tactics to recover debt.  You should be made aware of your rights against these collectors and the many ways they can be liable for abusive or intrusive tactics.  Yes, that’s right, you may have the right to file […]

Credit Reports

Today’s topic involves a reoccurring issue about items on your credit report. The misconception is that filing a bankruptcy ‘gets rid” of negative credit events, such as missed payments. (The technical term for this is a ‘derogatory’.) But a credit report is a factual history of your credit affairs. Legitimate credit events that have not […]

FAQ’S

How have the Bankruptcy laws changed? The reforms enacted in October of 2005 were designed primarily to prevent abuses. For the vast majority of Chapter 7 filers (liquidation of debt) these changes will not affect their ability to gain a fresh start. What is the difference between Chapter 7 and Chapter 13 bankruptcy? Chapter 7 is a liquidation of debt, excluding debts for taxes, […]