You probably already know that getting a divorce could significantly impact your finances. If you and your spouse already struggle to make ends meet, you may consider filing for bankruptcy. The problem of knowing when to file bankruptcy and when to file for divorce may plague you.
Have you ever heard of the means test? It is a form used in Louisiana and elsewhere to determine Chapter 7 bankruptcy eligibility. Before you can file for this type of debt relief, you have to take this test in order to show that you truly lack the means to meet your debt obligations.