When individuals file for Chapter 7 bankruptcy in Oklahoma, one of the first steps in the process is taking the Means Test. This financial test determines whether you qualify for Chapter 7—which can eliminate most unsecured debts—or whether you might need to file Chapter 13 bankruptcy, which involves a repayment plan. How Does the Means Test Work? The Means Test was created to prevent […]
What is the Means Test in Oklahoma Bankruptcy?