Congress really knows how to paint a bulls-eye on your behind. If you can afford to pay something under a chapter 13 plan according to the means test, you are presumed to be abusing the system by trying to file a chapter 7 case – a straight bankruptcy. Our friends who produced Form B 22 [...]
presumption of abuse
Before you file Chapter 7 bankruptcy – or even under Chapter 13 – you must first determine if you are above the “median income”. The median income test is based on the average income earned your state and is calculated each year by the U.S. Census Bureau. The “income” you must consider is not necessarily [...]
