The prospect of a tax refund makes most of us light up even when we haven’t even calculated what the refund might be.
But if you’re thinking of filing bankruptcy before you actually see Uncle Sam’s check, take a minute
The Bankruptcy Soap Box, published by Moran Law Group, focuses on bankruptcy law with an emphasis on practical issues faced by debtors, particularly in the San Francisco Bay Area. Topics include the application and impact of the bankruptcy means test, strategies for using Chapter 13 bankruptcy to save homes from foreclosure, and how bankruptcy can facilitate debt settlement. The blog also discusses alternatives to bankruptcy, financial planning around debt and holidays, and considerations for deciding when to file. It addresses the interaction of bankruptcy law with real-world financial challenges such as housing costs, creditor disputes, and long-term financial recovery.
You’ve got to know when to hold ’em,
know when to fold ’em;
know when to walk away,
know when to run…
So goes the gambler’s advice to the young card player in the hit Kenny Rogers song.
Hum along…
Bankruptcy’s means test is a paper tiger in the San Francisco Bay Area.
Really!
You can see why few Bay Area residents are constrained by the means test when you compare the latest median income figures used in the means test with…