What is a Means Test and How Does it Work?
Admin on February 17, 2023 Posted in Bankruptcy Law, BlogWhen considering filing for bankruptcy, one of the most important steps is the means test. This test evaluates your financial situation to determine if you are eligible for Chapter 7 bankruptcy vs. Chapter 13 bankruptcy. If you are considering filing for bankruptcy, speak with an experienced attorney at the Law Offices of Melanie Tavare to […]
Understanding the Chapter 7 Bankruptcy Means Test
Admin on March 15, 2019 Posted in Blog, Chapter 7 BankruptcyWhile many people have heard of the bankruptcy “means test,” they are uncertain about what exactly this test includes. The means test is used to determine if a person’s income is low enough to qualify to file for Chapter 7 bankruptcy. The purpose of this test is to block individuals with higher salaries from filing […]