means test

  • Thread starter johnnyatburgerking
  • Start date

J

johnnyatburgerking

If your income is below the Ch.7 limit 47,176 for single and living in
Massachusetts does this mean you are not subject to a means test? I am
concerned about earning about 40,000 and I have a cell phone and cable TV so
the judge says you must have some extra money, cancel the phone and cable
and you have 150 per month to pay creditors.
 
Ad

Advertisements

R

RudeDave

johnnyatburgerking said:
If your income is below the Ch.7 limit 47,176 for single and living in
Massachusetts does this mean you are not subject to a means test? I am
concerned about earning about 40,000 and I have a cell phone and cable TV
so the judge says you must have some extra money, cancel the phone and
cable and you have 150 per month to pay creditors.
If you earn under the median that just means you can file in chapter 7
without triggering a presumption of abuse. You still have to show that your
net income is pretty much consumed by reasonable and necessary expenses.
What constitutes an allowable expense is going to depend upon local
practice. In the district in which I practice debtors don't have any
problem with a $150 combined cable/telephone expense. Local counsel will be
able to tell you what expenses are ok.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads


Top