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BANKRUPTCY INFORMATION
DO I QUALIFY
CHAPTER 13/7 PROBLEMS
Chapter 7 Qualification
If you are below the median average household income and you pass the means test, in most cases you will be eligible to file a chapter 7. However, there is also a substantial abuse factor that is considered when filing a chapter 7. If your present income after your expenses is so much that it appears a Chapter 7 was filed in bad faith, the trustee or a creditor may object to your chapter 7 plan.
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Mortgage paperwork mess: Next housing shock?
(CBS News) If there was a question about whether we're headed for a second housing shock, that was settled last week with news that home prices have fallen a sixth consecutive month. Values are nearly back to levels of the Great Recession. One thing weighing on the economy... read more
