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How does the means test factor into determining eligibility for Chapter 7 bankruptcy, and what are the income thresholds? | #bankruptcy and divorce attorney near me

How does the means test factor into determining eligibility for Chapter 7 bankruptcy, and what are the income thresholds

How does the means test factor into determining eligibility for Chapter 7 bankruptcy, and what are the income thresholds

The means test begins with an examination of the debtor's average monthly income over the six months preceding the bankruptcy filing. This income is then compared to the median income for a household of the same size in the debtor's state.

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