My attorney never mentioned a Means Test. Can someone explain it for me?
Tallulah
Tallulah
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The means test is to determine your current monthly income and then your expected annual income. If your annual income will be under the median for your state then you only fill out the first 2 parts of the form and sign at the end. If you are equal to or more than the median then you have to proceed with the test. It will ask more in detail about your income and all of your expenditures. -
http://justice.gov/ust/
You can access the Means Test in Schedules allowables at the link above.
There's one test for people filing Ch 7 and another test for people filing Ch 13.Filed Ch 7 - 09/06
Discharged - 12/2006
Officially Declared No Asset - 03/2007
Closed - 04/2007
I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.
Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...Comment
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Thanks, Confused and Sinking!
My attorney just blew through everything as if it were a piece of cake. She lied and told me NOTHING about bankruptcy.
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