Five FAQs About the Bankruptcy Meeting of Creditors
For many people, one of the most stressful events that occurs during a bankruptcy is the meeting of creditors. This is often called the "341 hearing." The date, time, and location of the creditors' meeting [...]
Explaining the Means Test for Chapter 7 Discharge Eligibility
Bankruptcy courts use what is called the “means test” to determine if a debtor is eligible for a full discharge of allowable debts under Chapter 7 of the Bankruptcy Code. In 2005, by statutory amendments, [...]