If you are thinking about filing bankruptcy, you must know how to declare bankruptcy. Before you can file either Chapter 7 or 13, you must be able to pass under what is called a “means test”. The means test identifies which people have the financial capacity to continue to pay a significant portion of their [...]
Are you having debt problem? Worked out all alternatives to bankruptcy and still facing the risk of foreclosure or repossession? Then filing bankruptcy is possible option to deal with your debt problems. But, filing bankruptcy is not an easy task. Filing a case in court of law will not relieve you from debt; instead your [...]
The American Bankruptcy Institute (ABI) reported in November 2009 that more than 136,000 people in the United States filed bankruptcy in October, a 27.9% increase from the October 2008 filings (“just” 106,266 consumer bankruptcy filings occurred in October 2008). Almost 126,000 people filed bankruptcy in California in 2008, making up more than 95 percent of [...]