Why Online Bankruptcy Means Test are Inaccurate

I am sure that if you are reading this article you know that the bankruptcy law requires the complete a “ bankruptcy means test”. A bankruptcy means test is a simple mathematical calculation to determine whether or notBankruptcy Means Test you qualify for a Chapter 7 or Chapter 13 bankruptcy. For as simple as it sounds, you shouldn’t navigate the means test without legal assistance. Why? There is what is called a presumption of abuse if you don’t need the means test.  It’s not a matter of plugging in the numbers to get the right answers, you have to know what numbers to plug in and how to plug them in.

Just because you know how to drive doesn’t mean you are a racecar driver, there is no substituting getting advice from an experienced bankruptcy attorney. Do you know the difference between a chapter 7 and chapter 13 bankruptcy? Which one involves a bankruptcy means test? Find out which type of bankruptcy may be right for you in your situation. Visit our bankruptcy types tab at the top of this page.

At Sunshine State Bankruptcy, we serve the St. Petersburg Tampa area with their bankruptcy needs. Give us a call at 1-877-352-8192 today for any help and if you do not understand the bankruptcy means test.


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