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What Is Consumer Debt in Bankruptcy?

Consumer Debt:  Debts incurred by an individual for personal, family or household purposes. Taxes are not consumer debts; neither are business loans. The means test only applies to those with primarily consumer debt.

This entry was posted on Sunday, December 27th, 2009 at 8:30 pm and is filed under Filing Bankruptcy. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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