Close Menu
Berry & Associates
Free Consultation
File for no money down
New Clients 404-235-3328 Existing Clients 404-235-3300

What is the Means Test in Bankruptcy?

The means test is a formula used to determine if you qualify for Chapter 7 bankruptcy. It basically compares your monthly income to your monthly expenses. The means test determines whether you would have enough money available to make minimal payments to creditors in a Chapter 13 bankruptcy. If you are not left with enough income to pay your bills, then more than likely you will be able to file Chapter 7 bankruptcy.

  • facebook
  • youtube

© 2018 - 2024 Berry & Associates, Attorneys at Law. All rights reserved.
This law firm website is managed by Proven Law Marketing.

The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.

No content on this site may be reused in any fashion without written permission from www.georgiabankruptcyfiling.com