A business or individual has filed for bankruptcy and owes ...
A debtor must pass a “means” test in order to file a Chapter 7 bankruptcy. If the court determines that the debtor has sufficient income to pay a substantial part of the amount owed to creditors, then the debtor may be required to file a Chapter 13 bankruptcy rather than Chapter 7. Many Chapter 7 bankruptcies are "No Asset" bankruptcies. ................
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