It will be harder to file under Chapter 7 as of November 1, 2012. The Office of the United States Trustee changes the “Means Test” numbers twice a year. On November 1, 2012, the following changes take effect for all bankruptcy filings in Georgia: Household size of
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By using Nolo.com‘s bankruptcy means test calculator, you can make a quick determination about whether you qualify to file under Chapter 7. Remember, this tool should not be used to make the final determination of whether you qualify to file under Chapter 7. Van Wieren Law Firm, LLC
Read more →To qualify to file under Chapter 7 of the U.S. Bankruptcy Code, your household’s income must be under Georgia’s median income threshold on the Means Test. Here are the median income thresholds in Georgia until October 31, 2009: Household size of 1 – $40,760 Household size of 2
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