With an abundance of information on the internet, both reputable and not, it can be difficult to determine if you qualify for Chapter 7 bankruptcy. Many sources speak about the necessity of a "means test" but do not provide actual income requirements.
Is Chapter 13 bankruptcy right for you?
Struggling with overwhelming debt is tough. Trying to figure out if bankruptcy can help you only adds to the stress.
What are the qualifications for Chapter 7 bankruptcy?
For those struggling with extreme debt, Chapter 7 bankruptcy can be a valuable tool to obtain a fresh start. Not everyone qualifies for Chapter 7, however, and it doesn't cancel, or discharge, all types of debt.
When medical costs threaten your financial stability
Many elderly individuals depend on Medicare to help them cover their expenses for medication, treatment, and examinations. Unfortunately, more and more of these people are getting hit with surprisingly high medical bills due to the Medicare Advantage program. In fact, many members of the baby boomer generation find themselves filing for bankruptcy as a direct result of Medicare Advantage.
