Blog: Chapter 7
- Discharging Debt in Chapter 7 Bankruptcy
Sep 9, 2020
Which Debts Can Be Discharged and Which Cannot? When you’re considering bankruptcy options, the ability to permanently discharge certain debts in Chapter 7 can be very appealing. To qualify for Chapter 7, you must pass the means test by demonstrating to the bankruptcy court that you lack the resources to repay your creditors over a three-to-five-year period. Assuming you meet the eligibility requirements for Chapter 7, you are still limited as to what you can...Read More - Personal Bankruptcy—An Introduction to Chapter 7
Jun 19, 2020
The Discharge of Debt in a Bankruptcy Filing The coronavirus pandemic has had a devastating impact on the U.S. economy, with government statistics suggesting that as many as one in five Americans currently is unemployed. Though stimulus payments and other government programs have helped, many Americans are struggling to make ends meet and facing an immediate future that remains uncertain. One reason Congress enacted our bankruptcy laws was to give hardworking folks an opportunity for...Read More