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American Politics and Policy - Money

Law’s Matthew Salerno says filing for Chapter 7 bankruptcy requires precise, truthful information

What is the Chapter 7 means test?
Business InsiderMatthew Salerno, associate professor at the School of Law, said that filing for Chapter 7 bankruptcy requires precise, truthful information, as “mistakes, like missing or conflicting information, could result in dismissal.” Salerno urged debtors to communicate any income changes, emphasizing the complex nature of bankruptcy and the lasting impact on credit.