Chapter 13 Means Test

Law Office of John Bristol

1776 N. Pine Island Road, #224,

Plantation, Florida 33322

(954) 475-2265 J@JBristol.com

Better Business Bureau Bankruptcy

Since 1988, the Fort Lauderdale Bankruptcy Attorney Center of John Bristol has filed more than 5,000 consumer Chapter 7 and Chapter 13 Bankruptcy Cases in the Fort Lauderdale area (the Southern District of Florida). Because of his experience in the Fort Lauderdale Federal Courthouse; John concentrates his Bankruptcy law practice only in Broward County. We offer PAYMENT PLANS and give FREE CONSULTATIONS (954) 475-2265

In the State of Florida a person with annual income above approximately $43,000.00 does not qualify for a chapter 7 bankruptcy. This amount fluctuates upon several factors including payments a person is required to make. Specifically, a mortgage payment, car payment and children's education can change the "Means Test". All of the financial factors in a persons life can change the means test to qualify for a chapter 7 or chapter 3 bankruptcy. Therefore, it is important to contact Bankruptcy Attorney John Bristol to discuss the means test. For More Information concerning the "Means Test", see US Courts.gov

In 2005, the United States substantially changed its bankruptcy laws, adding a means test to prevent wealthy debtors from filing for Chapter 7 Bankruptcy. The most noteworthy change brought by the 2005 BAPCPA amendments occurred within 11 U.S.C. § 707(b). The amendments effectively subject most debtors who make an income, as calculated by the Code, above the median income of the debtor's state to an income-based test. This test is referred to as the "means test." The means test provides for a finding of abuse if the debtor's income is higher than a specified portion of their debts. If a presumption of abuse is found under the means test, it may only be rebutted in the case of "special circumstances."

 

Law Office of John Bristol

1776 N. Pine Island Road, #224, Plantation, Florida 33324

The office is on the Corner of Pine Island Road and Sunrise Boulevard

From I- 95 take Sunrise Boulevard West to Pine Island Road

from I-595 take Pine island Road North to Sunrise Boulevard

The Bankruptcy Means Test is a defined term in the Bankruptcy Code and means the average monthly income received over the six calendar months before commencement of the bankruptcy case, including regular contributions to household expenses from non-debtors and including income from the debtor's spouse if the petition is a joint petition, but does not include social security income or certain payments made because the debtor is the victim of certain crimes. 11 U.S.C. § 101(10A).  To determine whether a presumption of abuse arises, all individual debtors with primarily consumer debts who file a chapter 7 Bankruptcy case must complete Official Bankruptcy Form B22A, entitled "Statement of Current Monthly Income and Means Test Calculation

Law Office of John Bristol

1776 N. Pine Island Road, #224 Plantation, Florida

(954) 475-2265

J@JBristol.com

Serving:

Coral Springs, Dania, Davie, Deerfield Beach, Fort Lauderdale, Hallandale, Hollywood, Lauderhill, Margate, Miramar, Pembroke Pines, Plantation, Pompano Beach, Sunrise, Tamarac

The Law Office of John Bristol, 1776 N. Pine Island Road, #224, Plantation, Florida 33322 is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. Disclosure: The hiring of a lawyer is an important decision that should not be based solely on advertising. Before you decide please ask us for information concerning out qualifications and experience
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