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Blog Posts in Means Test and Bankruptcy

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  • Means Test Basics
    Means Test Basics

    The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, commonly known as BAPCPA, imposed a “means test” on those filing bankruptcy. This means test primarily determines whether the ...

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  • Surrendering a car in chapter 13 bankruptcy will negatively effect amount paid unsecured creditors
    Surrendering a car in chapter 13 bankruptcy will negatively effect amount paid unsecured creditors

    A chapter 13 bankruptcy requires that an “above median” debtor take a “means test” in order to determine how much that debtor must pay to unsecured creditors during the plan. This amount is called ...

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