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Blog Posts in February, 2015

  • People & Businesses That Have Filed for Bankruptcy

    | 25-Feb-2015

    One of the most common misconceptions about bankruptcy is that it’s a sign of personal and / or financial failure. If you file for bankruptcy, the misconception would have you believe, you’ve somehow failed and it is all your fault. As a firm that’s helped more than 15,000 clients file bankruptcy cases, we at Wadhwani & Shanfeld know this couldn’t be further from the ...
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  • What You Need to Know About the Bankruptcy Means Test

    | 9-Feb-2015

    In 2005, the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was passed. This act made a number of changes to U.S. bankruptcy, one of the most important of which involves the bankruptcy means test. Today, anyone who files for bankruptcy must first have their financial situation evaluated using an income-based test. The test will determine if a person can file Chapter 7 or Chapter ...
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