Archive for January, 2010
Chapter 7 Debtors – is your debt primarily consumer or non-consumer and why should you care?
20Jan10
This is why you should care and why you want (if possible) to have your debts qualified as primarily non-consumer in Chapter 7: You can avoid having to qualify under the Means Test. This is especially important for debtors whose income exceeds state median income for the size of their household. If your debts are [...]
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1. Bankruptcy petition – the bankruptcy documents, approximately 50+ pages, your attorney or you prepare and file with the court. These documents will list your assets, debts, income, expenses and financial history. You will have to sign these documents before they can be filed. 2. Creditor’s meeting (aka 341(a) examination) – this is the initial (and [...]
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Tags: Bankruptcy basics
