The census just released data for median income by family size. I can't find the data for a single earner. Many of these represent a decrease from the previous median income numbers used for the means test.

So, if you are contemplating bankruptcy and are near the median, you may want...

I'm planning on a chapter 7... to get rid of credit cards as well as a large 2nd mortgage on my home. Since I will lose the house, do I still use the payments for the 1st and 2nd mortgage on the means test? Where on the test do I put the info for the 2nd mortgage?

With my income alone, I come very close to qualifying for Chapter 7 based upon the means test. I'm over the median income by approx. $1200... putting in all my expenses gets me really close... if I don't include my wife's income...

My wife had been a stay-at-home mom for 7 years. ...

Hey... I'm sorry I didn't find this forum earlier, I must have been stressed or blind, or both!!!

Prior to filing bankruptcy, I discussed my personal details with two financial advisor's who felt Chapter 7th was the advisable course. I spoke with several pro-bono legal agencies, and...

Being in NY, i get to benefit from larger expense deductions since im over the median income for a Ch 7. My household will be 3, so my question is with the IRS allowances, can i take the full amount of lets say food,clothing, other items for $1152 or what we actually spend which is a bit less? Same...

If my income is 80k and my state median is 81k, will I have to do paperwork for the means test? Being self-employed it seems it will be a lot of extra paperwork. Are any red flags raised when you are very close to the median income?

Thanks in advance!

Hello everyone,

I'm new here and first off i'd like to say thanks to all of the great contributors to this site that have helped make a daunting task a bit less confusing.

I have searched the forums and read up pretty well on umployment benefits and means test calculation,...

The background:

I am a Canadian citizen going through the K1 Visa process to marry my American sweetheart. Once I am granted the visa and enter the US, I'm legally obligated to marry her within 90 days of arrival and I cannot leave the country afterwards... It will take me no more than...

Hi All,
Sorry for starting another thread, but I didn't know how much I didn't know until I started reading these forums!
I see a lot about people expecting court battles or protests or getting pushed form 7 to 13 from being over the median income... well shoot, the median income is rather...

I live in AZ and make $44,000 a year. Do I make too much money to file Ch 7? I currently can't pay all my bills and CC are mostly to blame. I think the means test for an individual is like 40,100 here, but I'm not sure.

My basement flooded, I don't have sump pump insurance to cover t, ad I've received some funds from FEMA for my losses. Would this be considered income? The money takes the place of an insurance reimbursement for such a loss (if I had the insurance) so I don't know if I need to use it on the means...

We (spouse and I) had our 341 recently and the US Trustee came. The good news, we went first. The bad news, the US Trustee is interested in our case. Income over last six months averaged 8k, so I think he wanted to see if they could break our means test. Some of the numbers in our means test were misplaced...