Filed Chapter 7 within the last 8 years.
Income is higher than expenses—totality of the circumstances test.
Income is above the national average for the ‘means test’ and it can’t be rebutted.
Assets aren’t exempt.
Not enough debt to justify using bankruptcy or not enough dischargeable debts.
Preference payments.
Fraudulent conveyances.
Psychological reasons—feeling of embarrassment, feeling defeated, loss of pride and self-respect.
Religious and moral reasons—believes bankruptcy is immoral and dirty.
Philosophical reasons—rugged individualism.
Traumatized from childhood with parents filing for bankruptcy.
Fearful of consequences of filing and can’t believe or trust anyone who says to the contrary. In denial.
Here is Chart which outlines the Pluses and Minuses of the Informal and Formal Strategies to solving your financial problems. This is the only Chart of its kind and we have to discuss and explain it to you because most clients still have many questions about it due to the fact that it is so unique.
Dave Falvey Offers Alternatives To Bankruptcy And Has Extensive Experience With Debt Management And Debt Settlement.
HE IS PASSIONATELY CONCERNED that consumers are being scammed by television ads for debt settlement services by companies that are not licensed nor bonded more