How To Pass the Chapter 7 Means Test
If you are considering filing for Chapter 7 bankruptcy, you may be wondering if you will pass the means test. The means test is used to determine if you qualify for Chapter 7 bankruptcy by looking at your income and debts. Here are some tips on how to pass the Chapter 7 means test.
First, it is important to know what the means test is and how it works. The means test looks at your income and debts to see if you qualify for Chapter 7 bankruptcy. If your income is below the median income for your state, you will automatically pass the means test. If your income is above the median income, you will need to complete a form that looks at your expenses and debts to see if you can pay back any of your debt through a repayment plan.
There are a few things that can help you pass the means test.
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