Coronavirus Law Changes to Consumer Bankruptcy

Wasson and ThornhillChanges in Bankruptcy Law

New $2.2 trillion coronavirus relief law makes modest but potentially important temporary changes to both Chapter 7 and Chapter 13 law.   If you’re thinking about filing a Chapter 7 “straight bankruptcy” case, the new CARES law may help, at least slightly. If instead you’re thinking about a Chapter 13 “adjustment of debts” case, the new law helps in more … Read More

The Means Test

Wasson and ThornhillQualifying for Bankruptcy

You have to pass the means test to qualify for a Chapter 7 case. It’s often an easy test to pass but one with some crucial twists and turns.