Bankruptcy Answers

Irma earns $3,000/month, and her monthly living expenses, such as housing, food, transportation, and childcare total $2,800. She has high credit card debt and is paying off her new car but feels she cannot keep up. Irma [___] pass the means test.

Marcus earns $2,000/month to support his family of three. His family’s living expenses combined with medical and credit card bills now exceed his monthly income. Marcus [___] pass the means test.

Which explains the importance of reestablishing a good credit history?