For Chapter 7 bankruptcy, applicants must pass a means test to prove they lack sufficient disposable income to repay their debts. The means test compares your average monthly income over the past ...

Bankruptcy can discharge or restructure most credit card debt, but there are exceptions. For example, luxury purchases or ...

Bankruptcy is a term that ... pay off your debts through other means. In the U.S., the two most common types of bankruptcy for individuals are Chapter 7 and Chapter 13. Here are the requirements ...

So, if you're thinking about filing for bankruptcy, it's important to understand what could disqualify you from doing so — as ...