MEANS TEST OVERVIEW

The Means Test is a government bankruptcy form (122A-1) that determines if an individual qualifies to file Chapter 7 bankruptcy. EZBankruptcyForms simplified version gives you an answer within five minutes..

MEANS TEST MEANING

The reason the form is called the Means Test is that is determines if you have the "means" to pay back your debts when filing bankruptcy. If it is determined you DO have the means to pay back your debts, there is a "presumption" that you may be abusing the Chapter 7 bankruptcy laws, and, in most cases where the "presumption of abuse applies" you have not qualified to Chapter 7 bankruptcy. Conversely, if there is no presumption of abuse, you DO NOT have the means to pay back your debts, and you DO qualify to file Chapter 7 bankruptcy.

CHAPTER 7 BANKRUPTCY INCOME THRESHOLD

Although bankruptcy is a Federal Law, qualifying for Chapter 7 bankruptcy takes into account both the size of your household and the state in which you live. The courts want something in writing stating your family size and income, in relation to the income threshold allowed for households of your size in your state. The Means Test has 14 questions, and compares your income to an income threshold on a table on their website. EZBankruptcyForms has simplified the Means Test and is available for download, below.

MEANS TEST VIDEO DEMONSTRATION

EZBankruptcyForms has created a video demo below so you can understand how to fill out the Means Test in about five minutes. If you can replicate this on your computer, our bankruptcy software will be beneficial in your Chapter 7 bankruptcy.

We have posted this on our website as a way we can prove to you, for free, BEFORE YOU PUCHASE FROM US, that our forms are

current,

savable, and

auto-populate and auto-fill (two things that the free forms on the USCourts.gov site DO NOT).

MEANS TEST DOWNLOAD

Our "Free Means Test" is meant to be viewed and filled out in a program called "Adobe Reader", and filling them out with the "PDF Reader" programs first installed on a PC and Mac will not total properly. You can download and install a free version of Adobe Reader at Adobe.com.

The Free Means Test is NOT available for download to an iPad or mobile device. Please visit this site from a desktop or laptop computer, and you will be able to download there.

MEANS TEST SUMMARY

The Means Test is one of 18 of the required bankruptcy forms included in EZBankruptcyForms bankruptcy software, and it's purpose is Chapter 7 bankruptcy qualification. If you fall below certain income thresholds for families of your size in your state, you then qualify for Chapter 7 bankruptcy.

PURCHASE BANKRUPTCY SOFTWARE

Bankruptcy software from EZBankruptcyForms is form-based, new for 2022, auto-calculates throughout, gives accurate results and will save you a lot of time. Please visit our BANKRUPTCY SOFTWARE PURCHASE PAGE to order.

FREE MEANS TEST - CHAPTER 7 BANKRUPTCY

"Debtors receive a discharge in more than 99 percent of chapter 7 cases"
- U.S Department of Justice

Of the two chapters of consumer bankruptcy, Chapter 7 is the only one that allows debtors to discharge most or all of their debts without any repayment. For this reason, Chapter 7 bankruptcy is much more popular than a Chapter 13 repayment plan. There are income qualifications for Chapter 7. The Means Test was created in an attempt by the government to cut down on bankruptcy fraud. It is a test to determine if a debtor has the meansto repay their debts. If the debtor falls below an income threshold for that person's family size and state, that person has passed the means test, and is qualified to file Chapter 7 bankruptcy.

Most Chapter 7 Bankruptcy cases are very straightforward, and require you to follow very specific steps. If you do things right, it should take 100 days from the day you file with the court until the day your debts are discharged. There is a 99% success rate for those filing Chapter 7 bankruptcy. Conversely, Chapter 13 bankruptcy involves a repayment plan of your debts over a period of three to five years. Many debtors fail to meet the repayment commitment, and for that reason the success rate for Chapter 13 bankruptcy is about 65% whether you hire a lawyer or not.

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free HOW TO FILE BANKRUPTCY WITHOUT A LAWYER tutorial

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In filing for bankruptcy without a lawyer
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GOOD LUCK WITH YOUR BANKRUPTCY

This is Step 1 in EZBankruptcyForms Bankruptcy without a Lawyer tutorial. Look for a box like this on other pages to guide you through the process:

1. Initial Qualification (Chapter 7)
2. FILLING OUT YOUR PAPERWORK
3. Credit Counseling Certificate
4. FILING YOUR PAPERWORK
5. Meeting of Creditors
6. Financial Management Certificate
7. Debt Discharge

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Means Test Overview

Means Test Meaning

Chapter 7 Income Guidelines

Means Test Video Demonstration

Means Test Download

Means Test Summary