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Bankruptcy

: The Debt Podcast

The means test doesn?t apply in many business bankruptcy cases

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Most people who make more than the median income must pass the means test if they want to file a chapter 7 case. But people whose debts are not primarily consumer debts don’t have to pass the means test. What does this mean? Well, first we need to know what consumer debts are. The Bankruptcy Code tells us [...]

Full post as published by The Debt Podcast on May 21, 2010 (boomark / email).

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