Topic
Means Test
60 published works
Texas Bankruptcy Blog
Do You Qualify under the Chapter 7 Means Test?
By Bryan Fears
If you or your family are struggling under the weight of insupportable financial obligations, you may need to consider your options under the Bankruptcy Code. While the Code offers consumer…
Texas Bankruptcy Blog
Passing Bankruptcy Means Test
By Bryan Fears
The bankruptcy means test was implemented in 2005 with the purpose to weed out Chapter 7 debtors who could afford to repay debts in Chapter 13. Someone who files Chapter…
Texas Bankruptcy Blog
Should I Wait To File Bankruptcy?
By Bryan Fears
Most people wait too long to file a personal bankruptcy case. Delay can cause judgments, foreclosures, garnishments, bank seizures, and even cost you your job. The best advice is to…
Texas Bankruptcy Blog
Health Care Expenses And Bankruptcy
By Bryan Fears
The bankruptcy means test is required from debtors to determine whether they qualify for Chapter 7 bankruptcy. The idea is to examine the debtor’s income, compare it to “average” expenses…
Texas Bankruptcy Blog
Your Chapter 13 Repayment Plan
By Bryan Fears
The central feature of a Chapter 13 bankruptcy is the repayment plan. The Chapter 13 plan is a proposal by the debtor to repay certain debts in installments over three…
Georgia Bankruptcy Blog
Updated Means Test Figures for November 2012
By Sunghee Sohn
The new Means Test figures were recently released for cases filed on or after November 1, 2012. The Georgia figures are below, and you can see the entire chart on…
Georgia Bankruptcy Blog
6th Circuit: Means Test Does Not Violate U.S. Constitution
By Scott Riddle
By: Scott B. Riddle, Esq. In Schultz v. United States, 2008 WL 2229495 (6th Cir. June 12, 2008) (pdf opinion here), the debtor argued that the Means Test violates the…
Georgia Bankruptcy Blog
Shaquille O’Neal’s Means Test: How The Other Half Lives
By Sunghee Sohn
Taking a short break from the reality of the means test, disposable income and other bankruptcy terms, let's see how the other half .. or Top .0001% .... lives. Shaquille O'Neal's financial disclosures,…
Georgia Bankruptcy Blog
NDGa – Misc. Consumer Cases: Means Test, Automatic Stay, Disqualification of Judge, Preferential Transfers
By Sunghee Sohn
In re McDaniel, No. 06-62786, 2007 Bankr. LEXIS 3390 (August 24, 007)(CRM). The United States Trustee filed a motion to dismiss under §707(b)(2) and (b)(3) based on presumption of…
Georgia Bankruptcy Blog
New Means Test Figures For Cases Filed After January 1, 2008
By Sunghee Sohn
"Updated" Means Test Numbers for October 1, 2008. If the numbers look similar, it is because they did not change. Median Income For Georgia Household Size Current Median (pre 1/1/2008)…