Bankruptcy Means Test
The bankruptcy means test determines if you have enough disposable income available to pay your creditors a part of all of your debts over a period of time, typically 3-5 years. In other words, if you are eligible for Chapter 13 and you are trying to file Chapter 7, the court will know and force you into Chapter 13 instead.
WHAT YOU NEED: Your list of income, and family size to begin with. Once your yearly income is calculated, you compare it to the Census Bureau, IRS Data and Administrative Expenses Multiplier to determine if the "Presumption of Abuse" arises or not.
If the Presumption of Abuse DOES arise then you will have to continue on through the form inputting your household exepenses.
We offer a handy package of all forms that can be downloaded at once for just $19.95.