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Business Debt and the Means Test

Business Debt and the Means Test

If your debts are 51% business related you probably can file chapter 7 bankruptcy.

Business Debt and the Means Test. Is more than 51% of your debt business related?  Do or did you own investment real estate or owe a large amount to the IRS?  You may qualify for chapter 7 regardless of your income.  Hiring a bankruptcy lawyer is an important decision.  Your lawyer not knowing the law can cost you big time.  Read the recent decision where a large Illinois bankruptcy law firm (Legal Helpers Debt Resolution, LLC) was ordered to give the debtor his money back.  http://www.ilnb.uscourts.gov/opinions/JudgeSchmetterer/LoveSheneka_F&C.pdf

See also Ten Questions To Ask Your Bankruptcy Lawyer

Aurora Bankruptcy Attorney Bradley Covey will help you understand your bankruptcy options including chapter 7 and chapter 13 bankruptcy.
2000 W. Galena Blvd., Suite 203
Aurora, IL
60506
US
Phone: (630) 907-9811
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About Bradley Covey

Bradley Covey is an Illinois bankruptcy attorney helping individuals and businesses file Chapter 7 bankruptcy and Chapter 13 bankruptcy in Kane County, DuPage County, Kendall County and Will County, Illinois. Brad attended SIU undergrad and NIU College of Law. Brad served in the military at Ft. Stewart, Georgia and Ft. Sill, Ok as a Field Artillery Officer. Brad later served in the Illinois National Guard as a Major.