You don’t necessarily need Chapter 13 to protect an exposed asset. The bankruptcy trustee in Chapter 7 is usually willing to do a deal.
Corporate profits are very high, while unemployment remains high. Why aren’t businesses hiring more? Because they don’t think they need to.
Skip the “means test” and qualify for Chapter 7 if you fit within these military-related exemptions. But they ARE narrow ones.
Skip the “means test” if your debts are not primarily consumer debts.
The easiest way to pass the “means test” is to have no more than median income. Here’s how it works.
Chapter 7 can only help in certain tax debt situations. Chapter 13 “adjustment of debts” is both more powerful and more flexible.
Even though a 3-to-5-year Chapter 13 case is often the best option for income tax debts, sometimes all you need is a simpler Chapter 7.
When it’s smart to file a 3-to-5-year Chapter 13 case to prevent a home foreclosure and be able to keep it permanently, or to sell it later.
Do you really have to file a 3-to-5-year Chapter 13 case to stop a foreclosure of your home and then be able to keep it permanently?
Even if you don’t think you can stay in your home, Chapter 7 gives you more time to save money for your move, and may buy some leverage.
Chapter 7 “straight bankruptcy” does not stop aggressive collections by your ex-spouse or support enforcement. But Chapter 13 does.
Do you absolutely need to keep your vehicle, but can’t afford the monthly payments? See if you qualify for a “cramdown.”
Long working hours, comparatively good tools, and an efficient business environment mean that we produce more per person than anybody else.