By Jeff Field | Published November 28, 2023 | Posted in Chapter 7 | Tagged Tags: disposable income, means test, median income | Leave a comment
When individuals struggling with overwhelming debt decide to file for Chapter 7 bankruptcy, they must usually pass the means test. This is the government’s method of determining whether the debtor actually has sufficient income to repay creditors, at least partially. The means test can be a formidable hurdle to establishing eligibility for bankruptcy relief. The Read More
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