Bankruptcy and School Expenses

The main purpose of the bankruptcy means test is to prevent wealthy debtors from filing for Chapter 7 Bankruptcy. Debtors who earn more than their state’s median income for their family size must complete the means test to determine eligibility. The means test deducts reasonable and necessary expenses from average income. If there is sufficient “disposable income” after these expenses …

How To File A Cheap Bankruptcy

Bankruptcy is a federal legal process that consists, at minimum, of filing a court petition, attending credit counseling classes, and meeting with a bankruptcy trustee. In every consumer bankruptcy case there are three categories of fees: (1) bankruptcy filing fees; (2) credit counseling fees; and (3) attorney fees.  Filing a bankruptcy case does not have to be expensive or unaffordable. …

Affordable Versus Cheap Bankruptcy Attorney

Lawyers love semantics, like the difference between a “cheap” bankruptcy attorney and an ‘affordable” bankruptcy attorney. Of course, everyone wants affordable bankruptcy advice and counsel. An affordable bankruptcy attorney charges a legal fee that is reasonable and fits your budget. On the other hand, a cheap bankruptcy attorney offers legal services that cost less than the affordable bankruptcy attorney, but …