Topic
Means Test
60 published works
Bankruptcy Mastery
Maximizing the Initial Client Interview
The first meeting with a bankruptcy prospect is the best and hardest work I do.It’s probably the most important as well. I use it to figure out what the issues…
Bankruptcy Mastery
How QuickBooks Nearly Scuttled A Bankruptcy Case
I learned something new last week and it took the ***!#### means test to teach it to me.The case involved a couple where the non filing wife ran an interior…
The Bankruptcy Soap Box
Why Bankruptcy Means Test Is Paper Tiger In Bay Area
By Cathy Moran
Bankruptcy’s means test is a paper tiger in the San Francisco Bay Area. Really! You can see why few Bay Area residents are constrained by the means test when you compare the…
Charleston Bankruptcy Blog
Understanding the Means Test in Chapter 13 Bankruptcy Cases
If you’re considering Chapter 13 bankruptcy in the Charleston area, you’ve probably heard about something called the “means test.” Don’t worry. Despite its intimidating name, it’s simply a financial calculation…
Nebraska Debt & Bankruptcy Blog
Hiding Income: The Bankruptcy Marriage Penalty
By Sam Turco
There is a marriage penalty in bankruptcy law. Unmarried couples receive favored treatment, especially on the six-month income calculation called the Means Test. A married debtor who lives with his…
Florida Bankruptcy Attorney Blog
Unsecured Debt in Chapter 13: How Much Must You Pay?
By Anonymous
The amount you are required to pay back to your general unsecured creditors in a Chapter 13 Bankruptcy Case depends on various factors. It can range from only about a few pennies…
Nebraska Debt & Bankruptcy Blog
Unpacking Elizabeth Warren’s Bankruptcy Reform
By Sam Turco
Presidential candidate Joe Biden recently came out in support of Senator Elizabeth Warren's bankruptcy reform plan, which is somewhat embarrassing because she is basically proposing to nullify the Bankruptcy…
Virgin Islands Law Blog
‘Means Test’ Determines If You Are Eligible to File for Chapter 7 Bankruptcy
By Tom Bolt
How do courts determine who is and is not eligible to receive a bankruptcy discharge under Chapter 7? The answer is the “means test,” a simple way of determining whether…
Georgia Bankruptcy Blog
Fourth Circuit: Debtors Entitled To Full National And Local Standard Amount Of Expenses If They Incur An Expense In That Category.
By Scott Riddle
Our neighbors to the north recently had a key, debtor-friendly, decision in a Chapter 7 case regarding what expenses may be used in the means test calculations. In In re…
Texas Bankruptcy Blog
The Typical Chapter 7 Timeline
By Bryan Fears
A lot of my clients have not previously filed for bankruptcy. One of the most common questions is gaining an understanding of the general timeline and process of your typical…