Chapter 7 Means Test
The U.S. Trustee Program has issued revised Census Bureau data to be applied to cases filed on or after November 1, 2009. This means that median income level amounts have changed and might allow debtors who might not have qualified for Chapter 7 relief before to be put through means testing. Means testing allows over-median household income debtors to receive a Chapter 7 discharge of debts. Deductions are made from the debtor’s gross income amount for living expenses; health care based on the number of senior citizens (age 65 or older) and non-insurance expenses; housing including both mortgage/rent and non-mortgage utilities and maintenance expenses; car operating and ownership/lease expenses; taxes and health insurance.
November 2nd, 2009 by Administrator
Posted in means testing
