Means Test Chapter 13

Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period; Attorney Forms; Bankruptcy Forms; Superseded Bankruptcy Forms; Civil Forms; Criminal Forms; Court Reporter Forms; CJA Forms; Human Resources Forms; Jury Forms; Other Forms; Bankruptcy. Bankruptcy Basics; Filing Without an Attorney; Credit Counseling and Debtor Education

Means Test Forms : B 122A-2 : Chapter 7 Means Test Calculation: Means Test Forms : B 122B : Chapter 11 Statement of Your Current Monthly Income: Means Test Forms : B 122C-1 : Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period: Means Test Forms : B 122C-2

The Chapter 7 Means Test Calculator has been updated for the latest median income figures for cases filed on or after April 1, 2016. This is your state’s monthly median family income for your family size:

While Chapter 13 bankruptcy also makes use of a means test, it is not an eligibility test as it is under Chapter 7, nor is the benefits – such as stopping foreclosure – dependent on passing the means test. Rather, the Chapter 13 means test affects the type and duration of the payment plan under the Chapter 13 bankruptcy.

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If your income is higher than the Wisconsin median you will need to complete the means test calculation to determine if you can pay back a portion of your unsecured debts through a Chapter 13 bankruptcy. means test exemptions. If your debts are not primarily consumer debts then you are exempt from the means test.

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As part of your Chapter 13 paperwork, you must complete Form 22C — Chapter 13 Statement of Current Monthly Income and Calculation of Commitment Period and Disposable Income. This form is also referred to as the Chapter 13 means test and is used to determine how long your plan will last (discussed above) and how much you must pay nonpriority unsecured creditors in your bankruptcy.

Free Bankruptcy Means Test Calculator for all Wyoming counties. Applies all IRS Expense allowances and current wyoming median income standards to calculate whether you qualify for Chapter 7 bankruptcy. Based on Official Form 22A and expense and income standards published by the US Department of Justice, Executive office of the U.S. Trustee.

Means Test. After you have collected all the required information, you subtract all of your allowed expenses for California from your income to determine the amount of income under the bankruptcy law that you have available to pay your unsecured creditors in a Chapter 13 plan.