New York Finance

Jan 13 2018

Michigan Bankruptcy Means Test – Chapter 7?

#banrupcy, #michigan #bankruptcy #means #test # Michigan Bankruptcy Means Test If you would like to file a Chapter 7 bankruptcy you must pass the Michigan means test. The test only applies to higher income filers which means that if your income is below the Michigan median for your household size you are exempt from the test and may file a Chapter 7. If your income is higher than the Michigan median you will need to complete the means test calculation to determine if you can pay back a portion of your unsecured debts through a Chapter 13 bankruptcy. Means Test …