The Department of Justice released its new means test numbers on November 1.   The new numbers are as follows:

1 person household:  $41,065.00
2 person household:  $ 50,711.00
3 person household:  $53,820.00
4 person household:  $63,937.00
more than 4 people in your household:  Add $7,500.00 per person

What this means:  If you live by yourself and you earn less than $41,065.00 per year, you are eligible to file Chapter 7 bankruptcy without filling out the means testing form.  If you earn more than $41,065.00 per year and want to file chapter 7 bankruptcy, you must fill out the means test form.  The results of the means test determine whether or not you are eligible to file chapter 7.


 


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