Chapter 7 Bankruptcy Means Test

Watch this video to learn about the chapter 7 bankruptcy means test in South Jersey. Then call attorney Andrew Carroll for a legal consultation and free case review.

Question:

What is the chapter 7 means test?

Answer:

Chapter 7 Bankruptcy Means Test Another common Chapter 7 bankruptcy question we get from our South Jersey clients is, “What exactly is the means test?” When filing for a Chapter 7 bankruptcy, the means test is a comparison of your annual household income against the number of people residing in your home. If it is over a certain threshold, you will not qualify for a Chapter 7 bankruptcy. You may still qualify, however, for a Chapter 13 bankruptcy. If you have any questions about whether a Chapter 7 or a Chapter 13 bankruptcy is better suited for you, or where you fall in the means test, please feel free to contact our office.


Are you or a loved one constantly being called by creditors and have questions about the Chapter 7 bankruptcy means test? Contact experienced South Jersey Chapter 7 bankruptcy lawyer Andrew Carroll of All Jersey Bankruptcy today for a free consultation and case evaluation.

We are dedicated to giving you the answers that you need in order to make an informed decision about whether bankruptcy is the best decision option for you.

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