The Bankruptcy Means Test -- Income Issues

Your income plays a large role as to whether you can pass the Chapter 7 bankruptcy means test. The means test looks at your "current monthly income" (CMI), which is the average monthly income you received during the six-months before you filed for bankruptcy. You then compare your income to the median income for the same size family in your state. For the means test, you'll have to know what types of income must be included, how to compare your income to the state median income, and how to determine your household size.

To learn more about the means test, visit our Bankruptcy Means Test topic page.

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