By Jeff Field | Published August 29, 2023 | Posted in Bankruptcy | Tagged Tags: business debt, means test, promissory notes | Leave a comment
How Business Debt Can Exempt You From the Bankruptcy Means Test
Chapter 7 is often the preferred form of bankruptcy relief for individuals, but not everyone qualifies. Most debtors must satisfy the “means test,” which is used to demonstrate that they have insufficient income to repay any portion of their debt. However, debtors who hold a large amount of business debt are exempt from the Chapter Read More
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