The means test is a mathematical formula established by congress, creating standards to qualify a person to obtain relief under the bankruptcy code and to determine whether they will be required to repay some of their debts or merely discharge them. In order to put all persons on the same playing field, congress established both…
Claims and interests are classified in order to allow treatment which recognizes differences in the rights of creditors and to treat these according to the facts of the case. Similar claims and interests are given similar nondiscriminatory treatment which follows sound business reasoning. However, some discrimination is permitted if it is based on sound business…
A small business case is a Chapter 11 Small Business proceeding filed by a person engages in business activities other than owning or operating real property that has liquidated debts as of the filing date of not more than $3,024,725 as of February of 2024 and in which the Debtor has not elected subchapter V,…
Eases the Burden of Overwhelming Financial Debt with Chapter 13 Bankruptcy The recession has plagued many Americans, and it doesn’t seem like it will be getting better anytime soon. Countless people find themselves either without jobs or with jobs that pay too little, relying on dwindling savings or credit cards to simply pay bills. If…
Imagine a life where you wake up each morning feeling unburdened, your spirit light and free from the crushing weight of financial stress. Picture a world where the constant worry about unpaid bills and mounting debts no longer clouds your every thought or steals precious moments of joy from your life. This isn’t just a…
© 2024 Attorney C. Stephen Gurdin Jr. All Rights Reserved
