Tag Archives: chapter

IS IT BETTER TO FILE CHAPTER 7 OR CHAPTER 13?

Once you have decided to file bankruptcy, it is very important to file the chapter that is best for your situation.  There are several factors which you need to consider with your bankruptcy lawyer when choosing which type to file … Continue reading

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Do I Qualify for Chapter 7?

There are several main factors to see if you qualify file for Chapter 7 bankruptcy and to determine if it is the best option for you, even if you do qualify. The first consideration is whether there are any past bankruptcy … Continue reading

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Chapter 7 Bankruptcy Means Test

When you are considering filing Chapter 7 bankruptcy, you will have to prove your eligibility by taking a means test. The figures are based on the median income for your household in your state and after certain allowed expenses are … Continue reading

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New Median Income Figures are Out for Florida Bankruptcy Debtors – How to Qualify for a Chapter 7

The new median income figures are out this week.  Whether you are above or below these figures is not the only factor that is looked at however.  But many of the expenses allowable under the Means Test have increased and … Continue reading

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Chapter 11 Bankruptcy Could Help Sears Survive

Sears was recently granted a $5.2 billion reorganization plan. Under the plan, Sears can continue operating 425 department stores. The plan also allows 45,000 workers to keep their jobs.Chairman Eddie Lampert entered Sears into Chapter 11 bankruptcy in October. Lampert’s … Continue reading

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