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Chapter 7 and rental properties

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    Chapter 7 and rental properties

    After reading some post on the forum I have some questions about the means test. Here is my situation...I have 8 properties in pre-foreclosure and about 50000 in credit card debt mostly from taking care of the properties. In a chapter 7 would I not have to pass the means test because this is considered non-consumer debt?

    Also, if this is true are their any resources where I can read up more about this?

    Thanks in advance.

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      #3
      "Pooks", there is a good Chapter 7 book for about $17 bucks on Nolo Press nolo.com. It is downloadable as a pdf file or in hard bound for twice the price. Very good book with all the forms in it. 'Hub
      If I knew it all, would I be here?? Hang in there = Retained attorney 8-06, Filed 12-28-07, Discharge 8-13-08, Finally CLOSED 11-3-09, 3-31-10 AP Dismissed, Informed by incompetent lawyer of CLOSED status, October 14, 2010.

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