The “Means Test” in bankruptcy was created through legislation passed in 2005 and is used during a Chapter 7 bankruptcy case to determine a person’s eligibility to file. The test analyzes the debtor’s income over the past six months prior to filing and compares it with the state’s monthly median income. The Means Test is pretty complicated,
NY Bankruptcy and Tax Blog, Information, and Resources
What are the Costs of Filing for Bankruptcy in New York City?
Comes the day when you realize the cold reality of the financial straits you’re in. Perhaps the children needed help with their tuition, or your family had to have medical care, or your job went away. Whatever the reasons, you didn’t spend frivolously and you fulfilled your responsibilities. The credit card balances, the mortgage, the car
Credit Report Disputes and The Fair Credit Reporting Act
A client turns to a bankruptcy and tax debt attorney with many financial problems, including hits to their credit record because they were unable to pay debts on time or at all. A negative entry on your credit report will damage your financial future in many ways, even if the information on that record is wrong. Knowing
Fair Debt Collection Practices Act
When a consumer takes out some type of loans like a credit card, personal loan, or other types of financial commitment, they are expected to meet the terms and conditions dictated in the service agreement. If the customer fails to make payments on time and in full every month for the duration of the agreement,
Telephone Harassment and the Telephone Consumer Protection Act
The Telephone Consumer Protection Act allows citizens to take legal action against debt collection and telemarketing agencies that harass the public. To accommodate recent changes in technology, the Federal Communications Commission updated the law in October 2013. How the TCPA works If a business violates this law when contacting you by phone, text message, or