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There is not a set figure that bankruptcy courts are looking for when reviewing bankruptcy applications. Rather, they employ what is known as a "means test" in which is the first step in the application process. This is a complicated calculation that determines your ability to pay your creditors. It also compares your financial status to the average person in your area. If you pass this means test, you are allowed to file a Chapter 7 claim in Bankruptcy court - otherwise, you can only file a Chapter 13 bankruptcy claim.

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โˆ™ 2010-05-10 14:24:19
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Q: How much money can you have when filing bankruptcy?
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Can you get garnished money back after filing bankruptcy?

No.


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You are not prevented from moving as a result of filing bankruptcy. Filing bankruptcy is not a crime.


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"It is possible to refinance after filing for bankruptcy. However, there must be a certain interval of time between refinancing and filing for bankruptcy that varies depending on the country you are filing in."


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There's no maximum amount. If you can't make your payments you file bankruptcy.


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Will your credit rating be affected by your partner filing bankruptcy?

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