Means Test
In order to determine your eligibility for a Chapter 7 Bankruptcy, you will need to pass the "Means Test." This test compares your income to the median income of the same household size in your state. Your previous six months income is used when calculating the Means...
341 Meeting of Creditors
Section 341 of the Bankruptcy Code provides for a Meeting of Creditors during the case. This is commonly referred to as a "341 Meeting" or the "Meeting of Creditors." In Chapter 7 and Chapter 13 cases, the meeting generally occurs about 30 days after the case is...
What is Bankruptcy?
In certain situations, Bankruptcy may provide the best option for resolving your outstanding debt and obtaining a fresh start on your financial future. For consumers, there are typically two types of Bankruptcy available. First is Chapter 7, in which most of your...
Oilfield Master Service Agreements
For those who have spent any time working in the oil and gas industry, whether as a representative of an E&P company or a service provider, odds are that you have heard of MSAs. MSAs (short for Master Service Agreements) are pervasive in the industry and it is...
Midland Funding LLC
Midland Funding LLC is one of the largest buyers of outstanding debt. Midland Funding LLC generally buys debt after it has become over 180 days past due. Once a debt goes that long without payment, the original creditor may charge off the debt and sell the account to...
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