By Jeff Field | Published November 30, 2020 | Posted in Bankruptcy, Chapter 7 | Tagged Tags: allowable expenses, bankruptcy, chapter 7, means test | Leave a comment
What to Do If You Fail the Chapter 7 Means Test
In order to file for bankruptcy protection under Chapter 7, you must be able to show that your average monthly income for the six months prior to your bankruptcy filing is below the median income for a household of your size in your state. This is because Chapter 7 bankruptcy is meant for people with Read More
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