Welcome To The MN Bankruptcy Blog

Inside you will find over 500 helpful articles discussing the Chapter 7 & 13 Bankruptcy Process and other solutions for difficult financial situations.

 

      What Is the Means Test?

      Posted by Amanda Scharber on January 15

      The Means Test is used to determine whether your income will allow you to file a chapter 7 bankruptcy.

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      I Failed the Bankruptcy Means Test: Now What? Part 2

      Posted by Wesley Scott on January 4

      The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) includes a means test set forth primarily in subsection 707(b) of the Bankruptcy Code. The Code provides that a case may be dismissed if "the granting of relief would be an abuse of the provisions of this chapter." The formula for determining whether a presumption of abuse exists is called the means test. 

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