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Lets discuss how your lowered income or loss of a job may help you qualify to do a chapter seven when you wouldn't normally or Firstly, to pass the means test, your disposable monthly income, which is your average monthly income for the six months preceding bankruptcy minus certain
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The Bankruptcy Means Test is a formal assessment used to determine if a debtor is eligible to file for Chapter 7 bankruptcy, also known as liquidation Why Would I Choose a Chapter 13 Over a Chapter 7 Well, number one, you make too much money to do a 7. We talked about it in
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There have been well over 500000 bankruptcies filed every year which may have you thinking if bankruptcy is the right choice for Am I a good candidate for bankruptcy in Oklahoma? So, first, you need to understand there are two kinds of, primarily two main Chapter 7 vs Chapter 13 Bankruptcy: 6 Crucial Things to Know
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What is the process for a bankruptcy like? Well, it starts with your consultation with the attorney and going over your options. A common misconception of a Chapter 13 bankruptcy is that you have to pay back all of your debt. Most of the time you don't.