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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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Can you get garnished money back after filing bankruptcy?
No.
Can you spend money before filing bankruptcy?
yes
How long after filing bankruptcy can move out of state?
You are not prevented from moving as a result of filing bankruptcy. Filing bankruptcy is not a crime.
Should you take your money out the bank before filing bankruptcy?
yes
What happens when filing bankruptcy because of gambling?
What do you mean? Filing bankruptcy is basically the same no matter what the reason for the filing.
How do you get money owed to you from a landlord if he says hes filing bankruptcy?
If you're in Texas.... GOODLUCK!
Is it possible for one to refinance after filing for bankruptcy?
"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."
How much debt can you have before filing for bankruptcy?
There's no maximum amount. If you can't make your payments you file bankruptcy.
Should a Christian file bankruptcy?
Filing bankruptcy has no affiliation with religion. If filing bankruptcy is he best financial options available, then you should do it.
Will your credit rating be affected by your partner filing bankruptcy?
If your partner files for bankruptcy and you don't then the bankruptcy will not appear on your credit report. But you will be partly responsible for before bankruptcy filing. Generally filing bankruptcy will affect the credit rating of the individual who filed it.
In order to file bankruptcy must you have a bankruptcy attorney?
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
Can you lose your horses in a bankruptcy filing?
yea, they are your possetions, so the bank will sell them to get money back
