The Means Test

One of the most significant aspects of filing is the “Means Test.  A rigid mathematical formula now assesses the clients’ income, expenses, and debt to determine whether they are eligible to file a Chapter 7 or a Chapter 13 bankruptcy.  In addition, if their income is greater than the median income in the state of residence for an individual or household of similar size, they may be prohibited from filing certain types of  bankruptcy.  

Call us at 800-646-0075 for a FREE consultation. It will be well worth your time to talk to one of our experts. If you live in Michigan we have an office near you.

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