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.

 

    Bankruptcy Means Tests – What Are They And What Do They Do?

    Posted by James Jensen-Kowski on February 1

    One of the primary element of any bankruptcy filing is something known as a means test.  It plays a pivotal role in determining a number of different things that all play a role in filing bankruptcy, including the chapter that may be filed, and in some cases, how long the bankruptcy itself will last.  The primary factor evaluated by the means test is income – specifically, income earned in the six months prior to filing.

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