Archive for the ‘Bankruptcy’ Category

Business Debt Qualifies for Chapter 7 Bankruptcy Regardless of Income

Friday, March 4th, 2016

I just filed a Chapter 7 bankruptcy for a client who has close a restaurant. There is a means test to qualify for Chapter 7 bankruptcy. That means that if you make more than average income, you may not qualify for Chapter 7, and may have to file a Chapter 13 bankruptcy in which you make payments over time. However if the majority of the debt that you incurred before filing bankruptcy is business related debt, you do not have to pass the means test and you can file a Chapter 7 bankruptcy regardless of your income.

If you have questions about bankruptcy call Evan Livingstone at (707) 526-4600 English or (707) 206-6570 Spanish for a free consultation.

Bankruptcy: Not the End of the World

Tuesday, March 1st, 2016

As an experienced bankruptcy attorney, I frequently advise my clients when bankruptcy is NOT their best option. For example, your debt may be more easily settled by making an arrangement with your creditors. It may be that you have assets which are so valuable, that you may lose them if you file bankruptcy.

It is very important that if you are considering filing bankruptcy that you speak to an experienced bankruptcy attorney. Call Evan Livingstone at (707) 206-6570 or (707) 526-4600. Visit my bankruptcy website at for more information about the various types of bankruptcy.