Bankruptcy offers a way for struggling borrowers to shed some or all of their debts and start fresh. But before debtors can get to that point, they must clear several hurdles—starting with the ...

The bankruptcy means test determines who can file for debt forgiveness through Chapter 7 bankruptcy. It takes into account your income, expenses and family size to determine whether you have enough ...

Filing for bankruptcy isn't a decision that most people take lightly, and for good reason. Not only does a bankruptcy have a significant impact on your finances, but you must also meet specific ...

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Business Insider: Matthew Salerno, assistant professor at the School of Law, outlined the contours of the so-called “means test,” an assessment measuring borrowers’ abilities to repay debts to ...

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Business Insider: Matthew Salerno, assistant professor at the School of Law, outlined the contours of the bankruptcy means test, which evaluates someone's finances to determine if they qualify for ...