I am a bankruptcy attorney. From my point of view here are the things that most often push people into bankruptcy.
Tag Archive for: debtor
The Means Test is the fierce hurdle Chapter 7 bankruptcy filers have to clear to avoid having the Court dismiss or convert their cases. The kernel of the means test is this: If a debtor’s income exceeds his expenses by a certain amount proportional to his total unsecured debt, then abuse will be found, or at least abuse will be presumed. Each of these are terms of art and have specific definitions in the bankruptcy world.
Beware subprime auto loans that require the vehicle be outfitted with a starter interrupt device.
The National Data Center website may have just the information you are seeking. In a new development the National Data Center has coordinated with the New Orleans Chapter 13 Trustee’s Office. At the Data Center’s website a debtor can view the latest financial information about their case: On the Case Summary page the debtor can […]