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Bankruptcy Chapters 7  Form

Bankruptcy Chapters 7 Form

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so how do you qualify to file for chapter 7 well you really have to look at two things we're going to take a look at your normal monthly income from all sources and remember this is going to include your spouse's income as well so if you're thinking about filing for bankruptcy and you are married you need to make sure that when you are preparing the information that you include their information as well because it's based on household income the next thing you have to look at in terms of qualifying for a chapter 7 bankruptcy is something called the means test and what that means test is it's a six month average of your income and allowable expenses compared to the state median average and so the first part of the means test is actually just going to look at your gross income your gross household income and if you are over the state median area for your income or whatnot based on your household size you will have to go through the second part of t

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