What’s the Means Test in Bankruptcy?

To be eligible for a Chapter 7 bankruptcy, you need to meet a math test called the Means Test. To determine whether you meet that math test, we, at Sunshine State Bankruptcy, start crunching the numbers. This starts by calculating what your current monthly income is. Remember you income comes from wages, but also includes self employment, and even interest and dividend income.

At Sunshine State Bankruptcy we need to look at the gross figure- in other words what you make before taxes and that’s required for a complete and accurate bankruptcy assessment.

You can learn more about a means test and whether you qualify for bankruptcy by contacting Sunshine State Bankruptcy today for a free, no obligation, consultation.

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