Chapter 7 Means Test Explanations
The Chapter 7 means test determines whether an individual debtor qualifies for relief under Chapter 7 of the Bankruptcy Code. The test is required by 11 U.S.C. §707(b)(2) and uses formulas based on household...
Tagged: bankruptcy
Census Bureau Median Family Income By Family Size
For Cases Filed On or After April 1, 2021 The following table provides median family income data reproduced in a format designed for ease of use in completing Bankruptcy Forms 122A-1 and 122C-1. Check...