Chapter 7
Liquidation Under the Bankruptcy Code
Chapter 7 is the chapter of the Bankruptcy Code providing for "liquidation," ( i.e., the sale of a debtor's nonexempt property and the distribution of the proceeds to creditors.)...
Qualifying For Chapter 7 Bankruptcy: The Means Test Made Simple (Sort of)
Much has been written about the now infamous means test; Congress’ answer to the credit card lobby’s complaints that too many Americans who could afford to pay back some of their debts were...