Chapter 7 Means Test
The Law Offices of Dwight Burton PLLC helps people of all income levels obtain debt relief throughout bankruptcy filing. To qualify for Chapter 7 bankruptcy, you must pass the income means test. The income means test has two parts, and our Bowling Green personal bankruptcy lawyer can assist you with both.
Would you like to find out more about qualifying for Chapter 7 bankruptcy? At the Law Offices of Dwight Burton PLLC, we can assist you with the income means test qualifications. To schedule your free, initial consultation, call us locally at 270-282-4216 or toll free at 888-715-1636.
Two Parts to the Means Test
Attorney Dwight Burton provides complete representation throughout the process.
If your income is less than the average income for your family size in your geographical area, you pass the means test. While you should consult with an attorney to determine if you qualify, the following is the average income for Kentucky families:
- One person: $36,999
- Two people: $44,353
- Three people: $51,046
- Four people: $62,739
The median income can change each year, which adjusts the income level for qualifying.
You will move on to the second part of the means test if your income is more than the average income for families in your area. The test will then consider if the remainder of your disposable income is sufficient to pay back 10 percent or more to your creditors.
If you do not qualify for Chapter 7 bankruptcy, Chapter 13 bankruptcy becomes your next option.
As a solo practitioner, Dwight Burton delivers our clients the personal attention they deserve. To schedule your free, initial consultation to discuss the Chapter 7 means test, call us in Kentucky at 270-282-4216 or toll free at 888-715-1636. You can also contact us online.
We are a debt relief agency. We help people file for relief under the Bankruptcy Code.
