The Means Test
The Means Test
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The Chapter 7 Bankruptcy Means Test
You must pass the means test to be eligible for Chapter 7 bankruptcy discharge.
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Do I Qualify for Chapter 7 Bankruptcy?
To qualify for Chapter 7 bankruptcy, your disposable income must be low enough to pass the means test.
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Who Is Exempt From Taking the Bankruptcy Means Test?
You don't have to take the bankruptcy means test if you have mostly business debts, are a disabled veteran, or a military reservist. Find out more about the Statement of Exemption from Presumption of Abuse Under §707(b)(2) form.
Means Test: Income Issues
Means Test: Income Issues
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Bankruptcy for the Self Employed: Verifying Your Income
A self-employed person can file a Chapter 7 or Chapter 13 bankruptcy, but the debtor must prove average income for the six months before the filing of the case, as well as provide up to four years' worth of yearly income documentation.
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Qualifying for Chapter 7 Bankruptcy if Your Income Is High
Can someone with high income still qualify for chapter 7 bankruptcy?
Means Test: Expenses and Deductions
Means Test: Expenses and Deductions
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What Expenses Can Help You Pass the Bankruptcy Means Test?
Certain family and household expenses might help you pass the means test for Chapter 7 bankruptcy.
General Eligibility Requirements for Chapter 7 Bankruptcy
General Eligibility Requirements for Chapter 7 Bankruptcy
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What Are the Differences Between Credit Counseling and Debtor Education in Bankruptcy?
With a few rare exceptions, you must get credit counseling before you file for bankruptcy, and complete a debtor education course in financial management afterward. Here are the details.
