If you are looking to wipe out all of your debt and have a fresh start, Chapter 7 may be the best option for you. Of all the types of bankruptcies Chapter 7 is the most all-encompassing, because it covers not only individuals, but also corporations, partnerships and sole proprietorships. It is also the most…
In late 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 was enacted into law. Among other things, this act requires a "means test" to see if debtors qualify for Chapter 7 bankruptcy relief. The means test examines your monthly income and expenses and compares them to the median income in and around…
New Castle County is located in the state of Delaware metropolitan area, and is populated by approximately 525,000 people. The median household income is $53,543, making it a thriving middle-class urban city. It is the northernmost county in Delaware, and is bordered by Pennsylvania, New Jersey, and Maryland. New Castle County, Delaware has a burgeoning…
The National Association of Realtors released a report on June 9th, 2008 stating that pending home sales in April 2008 increased nationwide by 6.3 percent from March 2008, defying the prediction that the index would remain steady. This is the biggest one-month gain since 2002, interrupting a 5-month streak of declines. The National Association of…