Chapter 13 Hearing
I was a brand new attorney and following the suggestion of a friend of mine, I attended some chapter 13 bankruptcy hearings in Downtown San Diego. Intent on gaining a greater understanding of the process I made my way to Trustee David Skelton’s offices to watch the hearings for a couple of hours.
The audience was made up of people who had filed bankruptcy, their attorneys, some creditors and attorneys for creditors.
Attorney’s Fees in Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
Chapter 7
Chapter 7 is a short procedure.
Bankruptcy Means Test Basics
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Bankruptcy Means Test is the Chapter 7 Qualification Test. However, if you do not qualify for a 7, it is also used to determine the amount of your chapter 13 plan payment. Additionally, it determines the duration of you chapter 13 plan.
If your income is above the median income your chapter 13 payment plan must last for 5 years.