What Is Size of Your Family for the “Means Test”?
You must use the right "number of people in your household" to qualify for Chapter 7. It's not always obvious.
What Is Your State for the “Means Test”?
You must use the right "state in which you live" to qualify for Chapter 7. It's not always obvious.
What is Considered “Income” for the Chapter 7 “Means Test”
"Income" is not what you think it is--it's much broader than usual and fixates on the 6 full calendar months before your bankruptcy filing.
The New Median Income Amounts for the Chapter 7 “Means Test”
Besides the many 3-year cost of living increases happening on April 1, 2016, new median income amounts also start applying on the same day.
The Military Exemptions from the Chapter 7 “Means Test”
You qualify for Chapter 7 without having to pass the "means test" if you fit within these very specific military-related exemptions.
The Business Debt Exemption from the Chapter 7 “Means Test”
If your debts are not "primarily consumer debts" then you may be able to qualify for Chapter 7 bankruptcy much more easily.
A Chapter 7 “Means Test” Calculation Adjustment
As of April 1, 2016 you can have a little more "disposable income" and still pass the "means test" to qualify for Chapter 7 bankruptcy.
More New Bankruptcy Dollar Amounts Effective Soon
Here are the rest of the important changes affecting Chapter 7 and Chapter 13 bankruptcy cases filed on or after April 1, 2016.
Bankruptcy Timing and the Holidays: Filing in January to Qualify for Chapter 7 or Shorten Chapter 13 Case
Think about filing bankruptcy in early 2016 if you had some extra source of money in mid-2015.
Bankruptcy Timing and the Holidays: Extra Income in December Affecting the “Means Test”
We show step-by-step how filing bankruptcy before the end of December can enable you to qualify for Chapter 7 "straight bankruptcy."
Bankruptcy Timing and the Holidays
Filing bankruptcy in December instead of January can make the difference between qualifying for Chapter 7 or being forced into Chapter 13.
Bankruptcy Timing and the Holidays
Filing bankruptcy in December instead of January can make the difference between qualifying for Chapter 7 or being forced into Chapter 13.
Bankruptcy Timing and the Holidays
Filing bankruptcy in December instead of January can make the difference between qualifying for Chapter 7 or being forced into Chapter 13.
Bankruptcy Timing and the Holidays
Filing bankruptcy in December instead of January can make the difference between qualifying for Chapter 7 or being forced into Chapter 13.
Bankruptcy Timing and the Holidays
Filing bankruptcy in December instead of January can make the difference between qualifying for Chapter 7 or being forced into Chapter 13.