Means Test Budget Standards Changed
On 1/1/08 new IRS collection standards took effect, which means that the numbers used to determine how much a debtor in bankruptcy should be spending on his monthly budget before there is a “presumption of abuse” changed (a presumption of abuse is not a good thing in a chapter 7 because if there is one, [...] Read more about it...
|
Top Ten Reasons People File For Bankruptcy |
|
|
1. Eliminate the legal obligation to pay many of your debts. 2. Stop foreclosure on your house and allow you to effectively make payments to catch up on missed payments of your mortgage. 3. Prevent your car or other property from being repossessed. 4. Reduce or even eliminate high medical bills. 5. Recent loss of employment. |
6. Stop harassing behavior from creditors. 7. Restore or prevent your utilities from being shut off. 8. Provide help for large amounts of student loan debt. 9. End wage garnishments. 10. Challenge certain claims of fraudulent creditors. |
Let's Face It
Bankruptcy is not where you want to be. But sometimes it is a savior when compared to the alternative. Contact me if you need to talk. - Showell