Enter your monthly income, family size, and state into the calculator to determine if you pass the means test for Chapter 13 bankruptcy.
Means Test Calculation Formula
The means test determines whether your income is low enough to file for Chapter 13 bankruptcy. The test compares your average monthly income for the six months before filing to the median income for a household of your size in your state.
Net Pay = Gross Income - (Mortgage Payment + Utility Costs + Car Payments)
Variables:
- Net Pay is the remaining disposable income ($)
- Gross Income is your total monthly income before deductions ($)
- Mortgage Payment is your monthly mortgage or rent payment ($)
- Utility Costs are your monthly utility expenses ($) <