Passing “The Means Test” Can Still Mean Chapter 7 Dismissal
Means Test: Does Chapter 7 Filer Have Ability to Fund Chapter 13 Plan? Back when the bankruptcy laws were changed in 2005, a hard calculation was implemented, based on household income and household size, to determine whether or not a bankruptcy filer was making a “decent” living, and should be disqualified from discharging debts completely […]