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Web if you’ve decided to file for chapter 7 bankruptcy, you should be prepared to pass a “means test.” a bankruptcy means test determines whether your income exceeds a certain amount. If there was some debts that were not discharged , would it. That means your house, your car, your possessions, etc, can be confiscated and sold in order to pay your debts. Web tax debt can be discharged by filing for protection using any of the options available under the federal bankruptcy code.
One Thing Is It Does Not Say If All Debts Were Discharged.
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Instead, The Means Test Considers Your Entire Financial Picture To Determine Whether You're Barely Scraping By Or Have Money At The.
Web when you file for chapter 7 bankruptcy, you are granted freedom from certain types of debt — like unsecured debt, credit cards and medical debt. Work out a payment plan for unresolved debts what is chapter 11? I know it's nearly impossible to get these. These include chapters 7 and 13 for most individuals, chapter 12 for.