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Are student loans considered "consumer debt" for purposes of the Chapter 7 means test?

Answer: Maybe. But probably only in limited cases where, before borrowing the money, the debtor owned a business, or worked in a business, which required the debtor to incur the debt for business purposes. Debtors whose debts are "primarily...

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What Happens to Business Debts When a Personal Bankruptcy is Filed?

Your personal liability for any corporate debts (ie: debts that are co-signed or guaranteed by you as an individual) will be discharged. However, your corporation will still have liability. You can file bankruptcy on behalf of the corporation, file...

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