Means Test

Why Is It Important To Know About Means Test?

Call: 888-297-6203 When people struggling with debt wish to get rid of it through bankruptcy, one of their major concerns is the chapter under which they should file. While chapter 7 gets rid of all unsecured debts in a relatively smaller timeframe, Chapter 13 allows you to keep non-exempt property while paying your creditors through a 3-5 years repayment plan. However, lawyers of Dallas based bankruptcy law firm Recovery Law Group say, which chapter you will be able to file depends on the Means test. While filing for bankruptcy your income of the past six months is taken [...]