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The Law Offices of Roger J. Yehl


The means test also plays a role in Chapter 13 bankruptcy, but its purpose is slightly different than in Chapter 7 bankruptcy. In Chapter 13 bankruptcy, the means test is used to determine the debtor's disposable income, which is then used to calculate the amount of their repayment plan. Unlike Chapter 7 bankruptcy, where most unsecured debts are discharged, in…Read More

The chapter 7 means test explained! Chapter 7 means test refers to a requirement for individuals who wish to file for bankruptcy under Chapter 7 of the U.S. Bankruptcy Code. Chapter 7 bankruptcy allows individuals to discharge most unsecured debts, such as credit card debt and medical bills, and start fresh financially. However, not everyone can file for Chapter 7…Read More

The 341a meeting of creditors, also known as the meeting of creditors or the meeting of the bankruptcy trustee, is a mandatory meeting that takes place during a bankruptcy case. At the meeting, the bankruptcy trustee will ask the debtor a series of questions under oath about their financial affairs. Some of the typical questions asked at the 341a meeting…Read More

what types of debt are discharged in bankruptcy? In bankruptcy, certain types of debt can be discharged, meaning the individual is no longer responsible for paying them. Some common types of dischargeable debt include: Credit card debt Medical bills Personal loans Payday loans Utility bills Certain types of tax debt (subject to certain conditions) Deficiency balances on repossessed property Defamation…Read More

Here are some common questions asked about bankruptcy: What is bankruptcy and how does it work? What are the different types of bankruptcy? What is Chapter 7 bankruptcy? What is Chapter 13 bankruptcy? What is Chapter 11 bankruptcy? How does bankruptcy affect my credit score? Can I keep my house or car if I file for bankruptcy? What happens to…Read More

The automatic stay is provided for in section 362 of the U.S. Bankruptcy Code. The automatic stay is a legal protection in bankruptcy that automatically stops most collection actions against the debtor or the debtor's property as soon as the bankruptcy petition is filed. The purpose of the automatic stay is to give the debtor a breathing spell from their…Read More

Chapter 13 bankruptcy offers several benefits, including: Protection from foreclosure: Chapter 13 allows individuals to catch up on missed mortgage payments and keep their home. Debt reorganization: Chapter 13 enables individuals to reorganize their debt into a manageable payment plan, which can help them pay off their debts over a three to five-year period. Debt elimination: Chapter 13 can eliminate…Read More

Chapter 7 bankruptcy, also known as a "liquidation" bankruptcy, allows individuals or businesses to discharge most or all of their debt obligations. The benefits of filing for Chapter 7 bankruptcy include: Debt relief: Chapter 7 bankruptcy provides a fresh start by wiping out most unsecured debts, such as credit card balances, medical bills, and personal loans. Protection from creditors: Once…Read More

The bankruptcy process involves filing a petition in federal bankruptcy court to have your debts either discharged (cancelled) or reorganized under a payment plan. The type of bankruptcy you file (Chapter 7 or Chapter 13) will determine the specifics of the process, including the requirements you must meet, the assets you may be able to keep, and the length of…Read More

Typically, in a large majority of cases, you automobile is protected when filing for either Chapter 7 or Chapter 13 bankruptcy. However, if you file bankruptcy in New Jersey, the outcome of your car could depend on several factors, including the type of bankruptcy you file, the value of your car, and any exemptions you claim. Chapter 7 Bankruptcy: If…Read More

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