Do I Qualify for a Chapter 7 Bankruptcy? The Means test
Median Income Tables for Northeast Tennessee and Adjacent States
What Happens if I do not pass the means test?
If your average income is greater than the median income, then you may not be able to file for Chapter 7. However, the Bankruptcy Code still allows for other debt relief options. Individuals can repay a portion or all of their debts back in a flexible way by filing a Chapter 13.
If you do not have any income left after paying your expenses and other obligations such as child support or alimony, you may still be able to file for Chapter 7 even if you do not pass the means test. If these are your circumstances, you may wish to see an attorney to find out if you are still eligible to file for Chapter 7 even without passing the means test.
Take the test and if you are in Elizabethton, Johnson City, Kingsport, or surrounding areas, come to the office for an affordable bankruptcy attorney that can guide on your options as to file a Chapter 7 or Chapter 13 bankruptcy, or if you need bankruptcy help or help dealing with creditors in other ways.