Making Sense of Bankruptcy: Avoiding the “Means Test” in a Business Bankruptcy
If you have debts from a closed or about-to-close business, you may be excused from the "means test" and can qualify for Chapter 7.
Crucial Question: What Is the “Means Test” in a Chapter 7 Bankruptcy?
To qualify for filing Chapter 7 bankruptcy, you must pass the "means test." It is usually quite easy to pass.