Debt settlement can take years, and your credit usually does not improve much during that time.
The Means Test is an eligibility criterion for Chapter 7 bankruptcy. If you do not pass the Means Test, you do not qualify for a Chapter 7 Bankruptcy.
Let’s examine how debt settlement programs have generally worked for these credit or debt programs.
In the past, you didn’t need to be overly concerned about losing everything. But whether you can keep your house and vehicle has become more complicated in 2022.