Category:
Debt Relief
Society used to harshly judge people who didn’t pay their bills. Robert Morris, a signer of the Declaration of Independence, spent three years in debtor’s prison in Philadelphia—and he was…
Getting hopelessly upside-down in our financial lives can happen to the best of us. (Ask the current occupant of the White House.) But when your debts far outweigh your ability…
Bankruptcy doesn’t have to put an end to your dream of owning a home – it could happen as early as a year after bankruptcy discharge. The key is to …
If your debts have been discharged through bankruptcy and you are employed, you should have room in your monthly budget to contribute to a savings account. Set aside three months…
“I need a second chance!” That is bankruptcy in a nutshell. For whatever reason, your finances have gone sour, you’re drowning in debt, you’re sure you learned your lesson, so…
What Is Bankruptcy Debtor Education? In order to be discharged from Chapter 7 or Chapter 13 bankruptcy, you must complete a Pre-Discharge Debtor Education course. The purpose of this bankruptcy…
Harsh as its consequences are, bankruptcy also provides a financial fresh start. One way to get going (we are not making this up): Buy a car. Bankruptcy filings can be…
Credit counseling is a vastly under-tapped resource for people crippled by debt. A credit counselor’s goal is to educate consumers about the cause of their debt and offer solutions that…
Money woes plague countless millions of Americans, stressing marriages and giving rise to feelings of hopelessness. For many mired in debt, credit counseling offers a lifeline to solvency and better…
Good credit means better interest rates on homes, cars and credit cards, lower insurance rates, easier access to rental apartments and utilities and maybe even better job opportunities. Consumers with…
Sources:
- Pyles, Sean. (2020, March 9) The Bankruptcy Means Test: What It Is, Why It Matters. Retrieved from https://www.nerdwallet.com/blog/finance/bankruptcy-means-test/
- Cothern, Lance. (2019, August 16) How to complete the Chapter 7 bankruptcy means test. Retrieved from https://www.creditkarma.com/advice/i/chapter-7-bankruptcy-means-test/
- O’Neill, Cara. (ND) Who Is Exempt From Taking the Bankruptcy Means Test? Retrieved from https://www.alllaw.com/articles/nolo/bankruptcy/who-exempt-from-taking-means-test.html
- N.A. (ND) Means Test Forms. Retrieved from https://www.uscourts.gov/forms/means-test-forms
- N.A. (ND) Means Testing. Retrieved from https://www.justice.gov/ust/means-testing
- N.A. (ND) IRS National Standards for Allowable Living Expenses. Retrieved from https://www.justice.gov/ust/eo/bapcpa/20180501/bci_data/national_expense_standards.htm
- Leiden & Leiden. (2018, September 17) Recent Bankruptcy Court Observations—Part 2 Retrieved from https://www.leidenandleiden.com/recent-bankruptcy-court-observations-part-2/