eric.bell@thomsonreuters.com, Author at Miller & Miller Law, LLC

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How a bankruptcy means test works

by | Apr 21, 2020 | Firm News

Any individual or family that files federal bankruptcy must fill out a means test. This test aims to determine whether the debtor qualifies for Chapter 7 or if they must file Chapter 13. While Chapter 7 means the debtor must liquidate their assets, they can get rid of...