by Gordon Lusky | Apr 2, 2020 | Bankruptcy Basics
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...
by Gordon Lusky | Mar 6, 2019 | Bankruptcy Basics
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...
by Gordon Lusky | Mar 6, 2019 | Bankruptcy Basics
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...
