Bankruptcy Mastery

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Find Solution That Works, Bankruptcy or No

By Cathy Moran, Esq. Filed Under: Bankruptcy Practice

Procrutes assaulting his guest upon the bed

Good income, substantial priority tax debt, other debt within the limits:  sounds like a Chapter 13 bankruptcy, doesn’t it? Yet the clients were in my office for a second opinion, convinced they couldn’t sustain over five years the payments their attorney provided in their Chapter 13 plan. Their attorney’s approach reminded me of the Greek […]

Filed Under: Bankruptcy Practice Tagged With: bankruptcy alternative, Chapter 13, tax

Bankruptcy’s Means Test Doesn’t Apply to All

By Cathy Moran, Esq. Filed Under: Means test

New bankruptcy lawyers sometimes forget in the flurry over getting the means test right that it only applies when the debts are primarily consumer. Primarily means over half in dollar amount. The code defines consumer debts in §101(8) as debt incurred for a personal, family or household purpose. You may be surprised by the kinds […]

Filed Under: Means test Tagged With: bankruptcy practice, consumer bankruptcy law, means test, tax

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