Means Test

A means test is a determination of whether an individual or family is eligible for government assistance, based upon whether the individual or family possesses the means to do without that help.
Posts about Means Test
  • The Missouri Chapter 7 Means Test

    … available options under the law, taking into account your personal circumstances and finances. To schedule a free consultation with a St. Charles or St. Louis bankruptcy lawyer, please call us or contact us online. The post The Missouri Chapter 7 Means Test appeared first on The Law Offices of Kenneth P. Carp. … 9 readers -
  • Unsecured Debt in Chapter 13: How Much Must You Pay?

    … The amount you are required to pay back to your general unsecured creditors in a Chapter 13 Bankruptcy Case depends on various factors. It can range from only a few pennies on the dollar to a 100% of the debt. The amount required to be paid must be the higher of the "Means Test" (projected disposable income) and the amount of the chapter 7…

    Jordan Bublick/ Miami Bankruptcy Law Blog- 16 readers -
  • When Is Chapter 13 Bankruptcy Right for Me?

    … will generally not help with such secured debts. Contact a St. Louis and St. Charles Bankruptcy Attorney for More Information Today At the Law Offices of Kenneth P. Carp, our St. Louis bankruptcy lawyer will carefully review your situation and determine which type of bankruptcy is right for you. Call us today at (636) 947-3600 for assistance. 1http… 18 readers -
  • Preparing for a Bankruptcy Case

    … of paystubs. When filing a bankruptcy case, the court looks at you last 6 months of income in determining whether you qualify to file under the Means Test. Your attorney will also need your paystubs to calculate your monthly income for your budget. If you don’t have copies of your paystubs, you should be able to get copies printed from the payroll…

    Nick Gajewski/ Bond and Botes- 30 readers -
  • What is the 341 Meeting in a Bankruptcy Case?

    … signed them? Are you personally familiar with the information contained in the petition and schedules? To the best of your knowledge, is the information contained in the petition, schedules, statements, and related documents true and correct? Did you provide the information to your attorney for the preparation of the Means Test? Are there…

    Bond and Botes- 30 readers -
  • Long Island Bankruptcy Attorney Challenges The Means Test

    … the disadvantage that these numbers have on residents of Long Island, who face dissimilar economic circumstances than other New York Counties. If your income falls below the median level, then you are automatically able to file under Chapter 7. If your income is in excess of the median level, then you must apply the means test. To do this, you must…

    Ronald D. Weiss, PC- 31 readers -
  • New Means Test Numbers Effective November 1, 2015

    …. In Chapter 7 cases, a bankruptcy analysis usually begins by comparing the household income (based on the previous 6 months) to the median income. For a person whose household income is over the median income, the ‘Means Test’ (a government test beyond the scope of this post) gets more complicated, and the person may or may not be eligible for a Chapter 7…

    Dove Bankruptcy Law- 36 readers -
  • A Look At Bankruptcy Prosecution Under Title 18

    … be impossible for the U.S. Trustee Program to review and investigate every bankruptcy case that is filed for potential fraud. Additionally, the FBI and U.S. Attorney’s office consider bankruptcy to be only a tiny piece of the criminal pie in the United States. These investigators have any other pressing concerns that may potentially have more…

    Ronald D. Weiss, PC- 34 readers -
  • Disabled Vets Able to File Chapter 7 Bankruptcy Regardless of Income

    … by the Veterans Administration or was discharged as a result of a disability that incurred in the line of duty; and Debts were incurred while on active duty. The veteran is exempt from the chapter 7 means test if the above applies. If the spouse of the veteran works, then only he/she would need to complete the means test for his/her income to determine whether…

    Mary Pool/ Bond and Botes- 35 readers -
  • The Means Test: "Household" Size and Contributions

    … In some cases, parties argue that the Internal Revenue Manuel's ("IRM") definition of "household"should be used. The IRM does not define "household" but indicates that the number of persons allowed under the national standard expenses should generally be the same as the number of dependents on the taxpayer's latest tax return. Jordan E. Bublick - Miami Bankruptcy Lawyer - Kendall & Aventura Offices - (305) 891-4055 - …

    Miami Bankruptcy Law Blog- 27 readers -
    Earlier about the same topic:
  • Why You Need a Lawyer to File Bankruptcy

    … that can be specific to each case or jurisdiction. The failure to correctly file the forms could result in the dismissal of the case. There are also credit counseling and financial management courses that must be properly completed in order to file the case and receive a discharge. If these are not properly filed, then the case could be dismissed…

    Joshua Lawhorn/ Bond and Botes- 43 readers -
Get the top posts daily into your mailbox!