When you file for bankruptcy, the trustee assigned to your case scrutinizes your financial behavior leading up to the filing. Understanding what triggers their suspicion can help you avoid costly mistakes and legal complications. The 90-Day and One-Year Lookback Periods Trustees examine your financial transactions within specific timeframes before filing. They can review payments to…
When you file for Chapter 7 bankruptcy, keeping your vehicle often becomes a critical concern. Transportation to work, school, and daily activities is essential for most households. Vehicle redemption under Section 722 of the Bankruptcy Code provides a powerful option that allows you to keep your car while paying significantly less than what you owe…
If you’re considering Chapter 13 bankruptcy in the Charleston area, you’ve probably heard about something called the “means test.” Don’t worry. Despite its intimidating name, it’s simply a financial calculation that helps determine your bankruptcy options and payment plan structure. What Is the Means Test? The means test is a standardized formula that looks at…
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