Means Test

What Is The Means Test?

Chapter 7 Bankruptcy Means Test

Declaring bankruptcy under Chapter 7 will result in a sweeping discharge of your debt within a few months of the date you file your petition, bringing about a significant change for the better in your life. You will not have to spend your days and nights worrying about how you will pay the bills, and you will be given a respite from the phone calls and threatening letters from your creditors. You will have more income available to enjoy today and invest in tomorrow. At the Law Offices of Marshall D. Schultz, we believe that everyone has a right to a second chance, and we are proud to have helped thousands of people in your position enjoy the benefits of bankruptcy.

Before you can proceed with a Chapter 7 petition, you must pass a means test. This form of bankruptcy offers such powerful protection against the claims of creditors that it could potentially be abused by unscrupulous individuals. The Federal Government has instituted a test to screen out applicants who do not truthfully require such a pervasive form of debt relief. Many debtors are wrongfully disqualified from filing under Chapter 7 after making mistakes in the calculations that are required for the means test, but you can seek to avoid such an outcome by working with a knowledgeable bankruptcy attorney from our firm.

Determine Your Eligibility

The means test looks at your aggregate monthly income over the past 5 years, minus certain expenses. If it is over a certain amount as compared to the average income in your area, you will be disqualified from proceeding. We have extensive familiarity with this test, and we can help you take advantage of allowances to reduce the figure that you report as your income. Even if this does not qualify you for Chapter 7, we will seek to move forward with a petition to file under Chapter 13.

Contact us today at (888) 822-6730 and begin reviewing your case with our 
bankruptcy attorney. 


What Our Past Clients Think

  • Thanks for helping us get a fresh start.

    “What a great feeling to do things right this time. You gave us good solid no-nonsense advice. Thanks again!”

  • You are the best!

    “Thanks for all your help and support in my "plight." I don't know how I would have gone through all this without your help and reassurance.”

  • Thanks, for your advice and personal attention. I really appreciate it beyond words.

    “I had to let my house go and it was the right move for me. I now have a new house with a way lower monthly payment and can live without fear for the first time in a long time.”

You Fresh Start, Starts Here

Schedule a Free Consultation
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.