Bankruptcy Means Test: Chapter 7 Qualification (2024)

By the end of this video, you should be fully equipped with the knowledge needed to know whether you should apply for Chapter 7 and how to do so!

Chapters:
0:00 Intro
0:40 Chapters
0:53 Video Overview
1:12 What is the Bankruptcy Means Test?
4:23 Take Means Test Calculator
11:31 Understand Results
16:15 Next Steps

#bankruptcy #debt #debtrelief

[AscendFinance]

If you have any questions, feel free to give us a call at 833-272-3631!

[gregory]

Does chapter 7 satisfy a default judgment?

[zmfischer]

If someone is unemployed, they automatically pass the means test for chapter 7?

[jamievaughn]

I did the means test and it had me making payments that were more than I pay now. I think I'll just consult a local attorney.

[dougs]

What if you have no income but your major bills (mortgage, internet, water, electric, etc) have been paid by a family member for two years.

[rafaelechols]

Will the attorney do this pro bono if your on a fixed income.

[GisellesCurls]

US Census reports in 2022 California Median income was 91, 905

[kendoug]

What does it mean that i may qualify for chapter 7? Im 20k below California median

[jameswarfield]

Will my social security be considered in my means test? Even if it's not considered in my means test, will if I file will the trustee see that though I qualify with just my disability and retirement, I would not have qualified if SS was considered.

[mwoods]

I was thinking of trying to file myself. Im currently on a debt relief plan, but with this col, single mom 2 kids its just not doable anymore.

[thomasvernon]

Does ss benefits included in gross income

[hirsam]

Write in subtitle to make clear student understand

[luiscastro]

is VA disability pay and social security considered income for filing bankruptcy?