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What is the Chapter 7 Means Test?

The bankruptcy means test – used to determine whether an individual qualifies to file for Chapter 7 bankruptcy – is an important but complex part of Chapter 7 proceedings. Upon filing for Chapter 7 bankruptcy, the court will use the means test to determine whether or not a person can afford to pay back debts to creditors. The bankruptcy attorneys of Ryan J. Ruehle Attorney at Law, LLC help debtors in the Cincinnati community navigate the legal processes involved in filing for bankruptcy, as well as help them plan for the future in a sensible manner.

Qualifying for Chapter 7

The means test examines your income and expenses – alongside any outstanding debts – to determine whether you will be able to pay back debt. For instance, if your current monthly income is

  • Below state household average, you automatically pass
  • Above state average but your expense are still high enough, you may pass

Even if you do not pass the means test on your first try, there could be special circumstances that you are currently unaware of that allow you to qualify. In any case, an experienced Cincinnati attorney can help you with the paperwork and legal proceedings involved with Chapter 7 bankruptcy.

Contact Bankruptcy Attorneys in Cincinnati

If you are considering filing for Chapter 7 bankruptcy, make sure you retain the facts about the means test. Discuss the particulars of your situation with the bankruptcy attorneys of Ryan J. Ruehle Attorney at Law, LLC today by calling our offices at (513) 621-0999.

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