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Bankruptcy

: The Debt Podcast

Do I need to pass the means test ? I have business debts.

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You  have to pass the means test if your debts are “primarily” consumer debts.  This isn’t quite as easy as it sounds. Why?  The word “primarily” is not defined in the Bankruptcy Code. So how do we figure this out? Well, first what’s a “consumer debt”?  That’s not so hard – “consumer debts” are defined in the [...]

Full post as published by The Debt Podcast on September 20, 2009 (boomark / email).

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