Means Test. If it is over $12,475 then you fail the means test and don’t have the option of filing Chapter 7. If your disposable income under the means test is between $7,475 and $12,475 then you must do further calculations to determine if you have the option of filing a Chapter 7 case.

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The means test is actually a two-part test and you only need to pass one of them to qualify for Chapter 7. This is a very simple test that compares your average household income for the past six calendar months to the median income for your state, If your income is below the median, you qualify for Chapter 7.

This procedure calculates the difference between the observed means in two independent samples. A significance value (P-value) and 95% Confidence Interval (CI) of the difference is reported. The P-value is the probability of obtaining the observed difference between the samples if the null hypothesis were true.

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Arizona Bankruptcy Means Test If you would like to file a Chapter 7 bankruptcy you must pass the arizona means test. The test only applies to higher income filers which means that if your income is below the Arizona median for your household size you are exempt from the test and may file a Chapter 7.

 · The Means Test was designed to limit the use of Chapter 7 bankruptcy to those who truly can’t pay their debts. The test is designed to calculate your current monthly disposable income and the higher your disposable income, the more likely you won’t be allowed to use CH 7 bankruptcy.

How a means test works. The means test looks at: your regular income – such as pensions, benefits or earnings. your capital – such as cash savings and investments, land and property (including overseas property), and business assets.

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Means Testing. Official Form 122C-1 (Statement of Your current monthly income and Calculation of Commitment Period) and Official Form 122C-2 (Chapter 13 Calculation of Your Disposable Income) (collectively the "122C Forms") are designed for use in chapter 13 cases. [ The Official Bankruptcy Forms can be found on the Administrative Office of the U.S.

Current Monthly Income: a very specific way to calculate your income for purposes of the means test. (See Section 101(10A) of the Bankruptcy Code.).