Blog Posts in October, 2017
What is the Bankruptcy Means Test?
Posted By Allmand Law Firm, PLLC
In 2005, lawmakers passed the Bankruptcy Abuse Prevention & Consumer Protection Act (BAPCPA) and made several significant changes to U.S. bankruptcy laws. BAPCPA affected both consumer and business bankruptcies by creating a new test to determine who is capable of paying back what they owe, and what bankruptcy chapter they are eligible to file under. Today, any person who chooses to file for ...
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