The means test helps determine if an individual qualifies to file for Chapter 7 bankruptcy. This form of bankruptcy allows eligible debtors to discharge most unsecured debts, such as credit card balances and medical bills. The test ensures that only those with limited...
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What are the legal implications of “gray divorce”?
Divorce later in life, often called "gray divorce," is becoming increasingly common. This term refers to couples who decide to separate after decades of marriage, typically when they are over 50. While divorce is challenging at any age, gray divorce brings unique...
Weighing the pros and cons of filing for Chapter 13 bankruptcy
Filing for bankruptcy can be tough, overwhelming and daunting, especially when it comes to dealing with the complexities of Chapter 13. With its benefits and drawbacks, it is vital to know the implications of this debt relief option. If you are struggling to make ends...