A High-Income Family of Four Passes the Means Test James and Tori got into financial trouble when James’ health began to fail. After he (mostly) recovered, the family had over $200,000 in consumer debts, plus student loans, and another $100,000 in taxes. Tori...
Bankruptcy Means Test Success for John and Sandy. John and Sandy just got their Chapter 7 discharge, even though they are making $1100 a month more than the median income. John and Sandy are carrying a big load. They have three children at home, and Sandy’s...
President Ford Kicked Off the Bicentennial July 4, 1975. President Gerald Ford Kicked Off the American Bicentennial celebration on July 4, 1975, speaking at Fort McHenry, the site of the Star Spangled Banner. I was in law school at the University of Maryland, so I...
Please Empty Out Your Voice Mailbox If you’re like most people, when the financial situation starts to get out of hand and the debt collectors call day and night, you stop answering the phone. When you stop answering the phone, the collectors leave messages, and...
Chapter 7 Bankruptcy Audits Are Back: What You Need to Know If you’re considering Chapter 7 bankruptcy, audits are active again—and they’re being enforced more frequently than in recent years. 🔍 Why Audits Chapter 7 audits were created under BAPCPA (2005) to verify...
Bankers Hate Debt Settlement Outfits Bankers hate debt settlement. The seven biggest groupts of bankers all sent a letter to Congress in February 2026 asking for stronger regulation of the outfits doing debt settlement. The bankers says that those settlement plans...
