Divorce often puts tremendous strain on both spouse’s finances. One spouse is suddenly paying alimony, spousal or child support, while the other may be scrambling to find a job after staying home with the kids for years. Both have increased liv…
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The Means Test was part of the Bankruptcy Reform Act of 2005. Its purpose was to devise an income test to determine eligibility to file a Chapter 7 bankruptcy. The means test is a backward looking test which averages the Debtor’s income over th…
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Outline for client Chapter 7 Bankruptcy: The purpose of the outline is to advise the client on what to expect in preparing and filing the case. The first step in filing the case is to pay the fee to the office and provide all of the information requi…
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