To get the most out of your new start, I posted a list of five websites you should visit. Most people come out of bankruptcy with a credit score between 600 and 640. And in three years you may have the best credit of your life. My list of five websites will help you on your way.
The 2005 Bankruptcy law, known BAPCPA or sometimes BARF, was designed to make bankruptcy much more painful for families making over the average income in each state. For Virginia, in the summer of 2018, that's $103,549 for a family of 4. Or $111,949 for a family of five. The bankruptcy means test determines whether families making over that average income can be eligible for Chapter 7 anyway. And if not eligible anyway, how much they have to pay for five years in a Chapter 13. The means test formula is arbitrary, and was designed to be arbitrary, because Congress, and the credit card companies, thought that bankruptcy judges were too easy. Most families around here, making too much to get
