The Chapter 7 means test is one of the most important components of qualifying for Chapter 7 bankruptcy.
The Chapter 7 means test is one of the most important components of qualifying for Chapter 7 bankruptcy.
Chapter 7 is known for being one of the fastest forms of bankruptcy. While timelines vary based on the court and complexity, most cases move from start to finish in a matter of months.
Not everyone qualifies for Chapter 7. This article breaks down the major factors that determine who qualifies.
Chapter 7 and Chapter 13 are the two most commonly used consumer bankruptcy chapters, but they function very differently.
Filing for bankruptcy is often seen as a last resort, but Chapter 7 is one of the most effective and straightforward ways to eliminate overwhelming unsecured debt.