The means test is a financial evaluation process introduced by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Its main purpose is to ensure that people who can afford to repay some of their debts don't use Chapter 7 bankruptcy to avoid paying...
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Month: December 2024
What is the long-term financial impact of Chapter 13 bankruptcy?
Completing a Chapter 13 bankruptcy repayment plan can be a fresh start for many individuals, but it also comes with some long-term financial effects. Understanding these impacts can help individuals navigate their financial future after bankruptcy. Credit score...
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The Law Office of Kim Covington, is a woman owned debt relief agency, and I have helped families, individuals and small businesses, file for bankruptcy relief under the U.S. Bankruptcy Code, for over 24 years.