Chapter 7 Eligibility Queens New York NYC »

Posted By mssi9010 4 months, 1 week ago in News

To qualify for relief under Chapter 7 of the Bankruptcy code, the debtor may be an individual, a partnership or a corporation or other business entity. For an individual to be eligible for Chapter 7, he/she needs to take “means test” introduced by the 2005 amendments to the Bankruptcy Code. An individual whose income is below the median income is eligible for Chapter 7 bankruptcy.

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