by Walter Metzen | Aug 8, 2022 | Bankruptcy means test
The bankruptcy Means Test serves different purposes depending upon whether you are filing Chapter 7 or Chapter 13 bankruptcy in Michigan. In Chapter 7 bankruptcy, it is the mathematical formula that determines whether or not you are eligible to file Chapter 7...
by Walter Metzen | Apr 29, 2022 | Bankruptcy means test, Uncategorized
The Bankruptcy Means Test is a component of a Chapter 7 or Chapter 13 bankruptcy petition that determines a number of important factors in your bankruptcy filing. First, for Detroit Chapter 7 bankruptcies, the Means Test determines whether or not your are...
by Walter Metzen | Apr 28, 2021 | Bankruptcy means test
The bankruptcy Means Test is a mathematical formula designed to determine whether the total household income of a person filing for bankruptcy is above or below a certain amount. That amount is the median average income for a household of the person’s size in that...
by Walter Metzen | Dec 10, 2020 | Bankruptcy means test
INTRODUCTION: WHAT IS THE CHAPTER 7 BANKRUPTCY MEANS TEST? The Chapter 7 bankruptcy “Means Test” is the mathematical formula that determines whether or not an individual is eligible to file for bankruptcy under Chapter 7 rather than under Chapter 13....
