Should there be a bankruptcy before your wedding? You planned everything else to a tee. What about your finances after marriage? I have seen a number of situations in which one or both of the newlyweds could benefit immensely from either a chapter 13 or a chapter 7 filing before marriage. In each case the…
How does the marital adjustment apply to your means test when you file without your spouse? First it is fairly common for one party to a marriage to file bankruptcy without the other. Some of the reasons this might happen are: Only one spouse has debt One spouse can not file because of a previous…
The bankruptcy means test was the centerpiece of the 2005 BAPCPA amendments to the bankruptcy code. Anything that congress did those years carried an expiration date. Think back to the Patriot Act, remember when we had rights? How about the Tax Cut? You will remember that in 2011 when it goes away. As a gift…