Bankruptcy Means Test Calculator
Calculate eligibility for Chapter 7 bankruptcy
About this calculator
The Bankruptcy Means Test Calculator determines your eligibility for Chapter 7 bankruptcy by comparing your household income to your state's median income levels. This federally mandated test is crucial for understanding whether you qualify for debt discharge under Chapter 7 or must file Chapter 13 bankruptcy instead. The calculator helps you assess your financial situation before consulting with a bankruptcy attorney, potentially saving time and legal fees while providing clarity on your available options.
How to use
Enter your monthly household income, family size, and state of residence. The calculator will compare your income to the median income threshold for your state and household size. If your income falls below the median, you typically pass the means test and qualify for Chapter 7 bankruptcy filing.
Frequently asked questions
What happens if I fail the bankruptcy means test?
If you fail the means test, you may need to file Chapter 13 bankruptcy instead, which involves a repayment plan rather than debt discharge.
What income sources are included in the means test?
Include all household income from employment, self-employment, rental properties, government benefits, pensions, and any other regular income sources from the past six months.
Can I still file Chapter 7 if my income exceeds the median?
Yes, you may still qualify if you pass the second part of the means test, which considers allowable expenses and disposable income calculations.