Am I eligible to file for Bankruptcy relief?

The “means test” is a qualifying test that you must pass before you’re eligible to file under Chapter 7 of the U.S. Bankruptcy Code. It was introduced by the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.

The actual test involves a series of calculations, including a comparison of your family’s income to the median income of a family your size in your state. Depending on where you fall, you may also have to calculate your disposable income. William T. Nestor, PLLC will gladly assist you in determining whether you are a candidate for Chapter 7 Bankruptcy. Let our office assist you in determining if you pass the “means test” and guide you thorough the Bankruptcy process.