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Chapter 7 vs Chapter 13

Posted on: 04th Nov, 2010 06:43 pm
Hi:

I wanted to know if there is any circumstances on which you can declare chapter 7 is you do NOT pass the means test. I spoke to a lawyer today and he told me that it could be a possibility.

In summary, my income is higher that the means test, but i have 2 children, a student loan, support parents financially. My debts are deficiencies in properties i had in florida (one was foreclosed and the other one is a shorsale deficiency.

Any help will be greatly appreciated.
hi morfeuss!

welcome to forums!

as far as i know, unless you pass the means test, you won't be able to qualify for filing chapter 7 bankruptcy.

sussane
Posted on: 04th Nov, 2010 09:22 pm
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