Bankruptcy Law

The means test is a complicated formula to determine whether you qualify to file for Chapter 7 bankruptcy. If you fail the means test, you have to file for Chapter 13 bankruptcy instead. If your...

If you have been thinking about filing for bankruptcy protection as a way to obtain a fresh financial start, you may be wondering if you should file for Chapter 7 or Chapter 13 bankruptcy...

Arizona residents considering filing for Chapter 7 should learn the income requirements before filing.

People thinking about filing for Chapter 7 bankruptcy must keep in mind the income requirements under the law. For Washington state residents, knowing the income guidelines for filing Chapter 7...

Even in good economies there are some people who, for a variety of reasons, will not be able to pay their debts. U.S. laws provide for those debtors to get some relief by filing for bankruptcy....

In general, the bankruptcy rules in North Carolina resemble the rules in other states. But each state has at least one bankruptcy district with its own rules on filing, fees and other practical...

Unlike some states, which can have three or four bankruptcy districts, Massachusetts has just one. This means the bankruptcy rules are uniform throughout the state. Actually, the federal...

The U.S. Bankruptcy Code contains uniform bankruptcy rules for the entire country. There are certain elements of the rules, however, that can vary by state. Each state has at least one bankruptcy...

For the most part, the bankruptcy code is uniform across the country. Certain elements depend on local standards, particularly the qualifications for filing. Individuals can file for bankruptcy...

The U.S. Bankrupcty Code is consistent throughout the entire nation. It does, however, have certain aspects that incorporate local customs and data. For example, the means test, which is used to...

Though the bankruptcy code is consistent across the United States, there are variations by state. The bankruptcy courts are part of the federal court system, but each state has at least one...

The U.S. Congress as part of the federal court system creates bankruptcy courts. Though the bankruptcy code is uniform throughout the country, three primary differences amongst the states exist....

Generally, bankruptcy laws are the same in each state. Realistically, however, there are considerable procedural differences across the country. The bankruptcy court system is separated into...

Each bankruptcy district has its own local rules, which set forth the appropriate forms, filing methods, case management procedures and deadlines for each case. In Connecticut, the local rules are...

The three primary differences in bankruptcy among the states are the local rules of the Bankruptcy Districts, the median income for the means test, and the property exemptions. Each bankruptcy...

There are three primary differences between bankruptcy in the different states. First, each bankruptcy district has its own local rules, which govern forms, procedure and deadlines. Second, the...

Each bankruptcy district in the U.S. has its own local rules for filing documents, paying fees and calculating deadlines. With three bankruptcy districts, Tennessee has a variety of different...

The U.S. bankruptcy code is consistent across the states. Some of its requirements, however, are in terms of state specific standards, such as the means test, which measures a debtor's income...

Bankruptcy is a hybrid system in the United States. The bankruptcy code is consistent across the entire country. This means the rules and requirements of, say, Chapter 7 bankruptcy, are the same...

Chapter 7 bankruptcy is the most extreme version of bankruptcy, and it is available to individual consumers, partnerships and corporations. Chapter 7 bankruptcy is referred to as "liquidation...

The income test for Chapter 7 eligibility is not based directly on annual salary. Nor is it a specific number that applies throughout the country. The circumstances that prompt bankruptcy often...

California personal bankruptcy allows residents in financial hardship to discharge their debts or restructure them in a way that will allow them to repay their creditors. If you are a homeowner,...