Homeowners no longer can included mortgage payments for properties they have surrendered in order to qualify under the Means Test. In a Chapter 7 bankruptcy, there is a limit to the income level an individual can have in order to qualify for this chapter of bankruptcy. If a ...
Orlando Bankruptcy Lawyer
Do Not Include Mortgage Payments on Surrendered Property to Qualify Under the Means Test
Published in Bankruptcy, Foreclosure and Real Estate
Change in Income Can Make Bankruptcy Filing More Troublesome
A change in monthly income can sometimes make bankruptcy filing more difficult. In a Chapter 7 bankruptcy, the bankruptcy court looks back to the past six months and asks for the total monthly gross income for each month. In some months, you may make more in other months. Why ...
Published in Bankruptcy, Finances and Financial
