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Bankruptcy

: Bankruptcy Law Network

Means Test Does Not Apply to Individual Debtors

By Chip Parker, Jacksonville Bankruptcy Attorney

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One of the many advantages for an individual choosing to file a Chapter 11 bankruptcy over a Chapter 13 Bankruptcy is that the 707(b) ?means test? is not incorporated into the calculation of disposable income for individual Chapter 11 debtors. Indisputably, the greatest change to the bankruptcy code in 2005 was the addition of the Means [...]

Full post as published by Bankruptcy Law Network on November 30, 2009 (boomark / email).

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