Making Sense of Bankruptcy: Using the Pickiness of the “Means Test” to Your Advantage
Because of the very particular way that the means test measures income, the timing of your bankruptcy filing may be crucial.
Making Sense of Bankruptcy: Is My Income Low Enough to Pass the “Means Test”?
Most people qualify to file a Chapter 7 "straight bankruptcy" by having low enough "income"
Making Sense of Bankruptcy: When a Consumer Chapter 7 “Straight Bankruptcy” is Appropriate
Assuming you are a consumer who needs serious relief from your creditors, when should you do a Chapter 7 bankruptcy instead of a Chapter 13 one?
How Bankruptcy Handles . . . Income Taxes You Simply Can’t Afford to Pay
If you owe taxes that can't all be written off in bankruptcy, and you don't have the money to pay the rest, what can you do?
Chapter 13 Is a Very Useful Tool for Tax Debt.
Here's why you usually don't pay more in a Chapter 13 case to get rid of taxes that you could simply write off in a Chapter 7 case.
Crucial Question: Why File Under Chapter 13 If You Have to Pay Something to Your Creditors Instead of Paying Nothing Under Chapter 7?
Chapter 13 has huge advantages in many situations, often making any extra cost well worthwhile.
Crucial Question: How Much Do You Pay to Your Creditors in a Chapter 13 Case?
Under Chapter 13 some special creditors may be paid in full, while others are paid much less, sometimes even nothing. What determines this?
Crucial Question: How Long Does a Chapter 13 Case Take to Finish?
Whether you must pay for 3 years or 5 depends mostly on your income. Exactly how long it last depends on the many moving parts of your case.
Crucial Question: What Is a Chapter 13 Plan?
It's a formal proposal about how much you'll pay your creditors. It is, often after some adjustments, "confirmed" by the bankruptcy court.
Crucial Question: What Is the “Means Test” in a Chapter 7 Bankruptcy?
To qualify for filing Chapter 7 bankruptcy, you must pass the "means test." It is usually quite easy to pass.
Tax Season: File Chapter 7 Bankruptcy and Then Settle Your Income Tax Debt
What if you can't write off all the income taxes you owe with a Chapter 7 case but can't afford to pay those taxes in a Chapter 13 one?
Tax Season: What Really Happens to Your Future Income Tax Refunds during a Chapter 13 Bankruptcy
Don't let what you've heard about "losing" your tax refunds be a factor in deciding whether to file a Chapter 13 "adjustment of debts."