Wednesday, December 01, 2010

The Means Test is not the only test in Chapter 7 - nice summary

"The means test is not the only test. Debtors who pass the means test may still have their Chapter 7 filing dismissed or converted to Chapter 13 if the totality of circumstances of their financial and family situation shows that their Chapter 7 is an abuse of the bankruptcy system.... " 

Read the whole thing here:
http://www.bankruptcyorlando.com/2009/05/dismissals-of-chapter-7-bankruptcy-as-abusive-when-debtor-passes-means-test.html

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