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What is Means Testing?
Means Testing is a statutory device used to determine ones eligibility to file under Chapter 7 or Chapter 13. A debtor's income for the preceding six months will be compared to the median income for a similar sized family. Depending upon your individual circumstances a Chapter 7 or a Chapter 13 Bankruptcy may be more advisable.
Means Testing is a statutory device used to determine ones eligibility to file under Chapter 7 or Chapter 13. A debtor's income for the preceding six months will be compared to the median income for a similar sized family. Depending upon your individual circumstances a Chapter 7 or a Chapter 13 Bankruptcy may be more advisable.
The experienced bankruptcy attorneys at the Montee Law Firm, P.C., are here to help you. Contact us today for a free initial consultation.
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Missouri personal injury attorneys providing legal services throughout Missouri, Kansas and nationwide, including Kansas City, St. Joseph, Parkville, Maryville, Liberty, Independence, Lee’s Summit, Hannibal, Chilicothe, St. Louis, Sedalia, Springfield, Lake Ozark, Kirksville, Overland Park, Leavenworth, Wichita, Atchison, Jackson County, Buchanan County, Clay County, Platte County, Cass County, Johnson County, Wyandotte County, Greene County, City of St. Louis.
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