HOW DIFFICULT WILL IT BE TO FILE CHAPTER 7 UNDER THE NEW BANKRUPTCY LAWS?
There has been much doom and gloom written about the bankruptcy means test under the new laws and how much more difficult it’s going to be to file Chapter 7. It’s true that there are more hoops to jump through under the new laws and it’s true that the bankruptcy means test will result in some people having to file chapter 13 instead of Chapter 7. However, for the vast majority of filers Chapter 7 is still available with very little extra effort!
There has been much doom and gloom written about the bankruptcy means test under the new laws and how much more difficult it’s going to be to file Chapter 7. It’s true that there are more hoops to jump through under the new laws and it’s true that the bankruptcy means test will result in some people having to file chapter 13 instead of Chapter 7. However, for the vast majority of filers, Chapter 7 is still available with very little extra effort!
There has been a great deal of doom and gloom reporting regarding the bankruptcy means test under the new laws and how much more difficult it is now to file a Chapter 7 case and to be discharged thereunder. It is true that there are more hoops to jump thorough under the new laws and that the means test will result in some people being required to file Chapter 13 versus 7. However, for the great majority of filers, Chapter 7 is still available with very little extra effort.
