December 21, 2008
As part of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a “means test” has been instituted to determine whether or not a debtor is entitled to a Chapter 7 discharge, or whether such debtor must convert the case to one under another chapter of the Bankruptcy Code. The basic purpose of the [...]
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August 30, 2008
The means test bars any number of deserving people across the states of Oregon and Washington from qualifying for Chapter 7 bankruptcy. Thankfully, disabled veterans filing for bankruptcy whose debts were incurred primarily during active military duty or homeland defense service are completely exempt from the means test.
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