by Walter Metzen | Jun 22, 2023 | Understanding your Bankruptcy Petition
Part 5 of our series of Articles on how to read and review the bankruptcy petition prepared for you by your Michigan bankruptcy attorney will discuss in detail the all-important Chapter 7 and Chapter 13 Bankruptcy Means Test. In Parts 1, 2, and 3 of this Article, we...
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...