Written by attorney Seth Rosenberg.
This article discusses how to use our online means test calculator to determine whether you can pass the means test and file for Chapter 7 bankruptcy. Eligibility for a chapter 7 bankruptcy filing... more
Written by attorney Christopher Ariano. STAFF PICK
If you are a repeat reader, you may have heard me discuss the means test. Specifically, I have a tendency to blabber something along the lines of "if you current income is lower than the IRS average... more
Written by attorney Michael Sices. STAFF PICK
To determine whether a Chapter 7 bankruptcy is abusive, Courts will use what is called a Means Test Formula, which has two important terms to define: Currently Monthly Income (CMI) - How much... more
Written by attorney Gary Bollinger.
Bankruptcy debtors must usually choose between a Chapter 7 or 13. A Chapter 7 bankruptcy typically concludes very quickly a matter of 3 or 4 months. A chapter 13 requires payments to a... more
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