Detroit Bankruptcy Lawyers: What Is The Means Test In Bankruptcy?


When Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) in 2005, they created a new monster called the means test. The idea for the means test was to force more people into a Chapter 13, a debt repayment program. The means test is difficult from more people to understand, and it baffles lawyers sometimes. The purpose of this article is to explain what the means test does and how it is calculated.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Bankruptcy Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Kevin Johnson, Incictus Legal Group, PLLC | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »