The Law Office of Andrew Magdy
Saint Louis Bankruptcy

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Posts tagged means test
Do I Qualify For a Chapter 7?

If you’ve never filed a Chapter 7 Bankruptcy, or more than eight years has passed since your previous Chapter 7 Bankruptcy, you must still pass the Means Test. In 2005, Congress dramatically changed bankruptcy laws. One of the largest changes to the bankruptcy laws was the creations of the Means Test. The Means Test determines whether individuals or families are capable of repaying some or all of their debt.

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