Business Debt and the Means Test

If your debts are 51% business related you probably can file chapter 7 bankruptcy.

Business Debt and the Means Test. Is more than 51% of your debt business related

Do or did you own investment real estate or owe a large amount to the IRS?  You may qualify for chapter 7 regardless of your income.  Hiring a bankruptcy lawyer is an important decision.  Your lawyer not knowing the law can cost you big time.  Read the recent decision where a large Illinois bankruptcy law firm (Legal Helpers Debt Resolution, LLC) was ordered to give the debtor his money back.  http://www.ilnb.uscourts.gov/opinions/JudgeSchmetterer/LoveSheneka_F&C.pdf