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Posted By Bronson Law Offices
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31-Dec-2013
When determining whether an individual is eligible to file a Chapter 7 bankruptcy petition, the courts use what is known as a "means test." The means test was created to ensure that Chapter 7 filings were only used by those who truly could not pay their debts. By deducting specific monthly expenses from your actual monthly income, the test arrives at a monthly amount of disposable ...
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