Helping With Your Financial Future

Month: April 2022

Chapter 11 bankruptcy and the release process

On Behalf of The Law Office of Judith A. Descalso | Apr 18, 2022 | Chapter 11 Bankruptcy

Not all business endeavors perform as well as expected, and some companies may run heavily into debt. Insolvency does not necessarily mean things turn catastrophic, as Chapter 11 bankruptcy could provide a solution. Under Chapter 11, a corporation may seek...

How the Chapter 7 means test works

On Behalf of The Law Office of Judith A. Descalso | Apr 4, 2022 | Chapter 7 Bankruptcy, Consumer Bankruptcy

Consumers in Escondido, California, who are overwhelmed with debt may choose Chapter 7 bankruptcy, which is a liquidation process. However, not just anyone can file Chapter 7, and filers must pass a means test. Overview of the means test In 2005, Congress passed the...