Bankruptcy Means Test Calculator

Will I Qualify for Texas Bankruptcy? Ask Our Lewisville Bankruptcy Lawyers for Bankruptcy means Test Calculator

Bankruptcy Means Test Calculator 

Several years have passed since the passage of new bankruptcy laws. Despite worries among consumers and bankruptcy lawyers at that time, the new laws have not prevented people who needed to file bankruptcy from doing so. Contact our Lewisville bankruptcy lawyers if you are considering filing for bankruptcy in Texas. We will explain how we can help.

 Contact our Texas bankruptcy lawyer  at 972-315-6222 for a free consultation.

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A Means Test Will Help Determine What Type of Bankruptcy You Qualify For test our Bankruptcy Means Test Calculator

The first question about bankruptcy that must be resolved is whether you qualify for Chapter 7 or Chapter 13 bankruptcy. The bankruptcy means test, which has been in effect since the passage of the new laws, helps determine which type of bankruptcy a consumer may file. These types of bankruptcy include a discharge of debt under Chapter 7 or debt restructuring under Chapter 13. If the majority of your debt is because you own and operate a business, you may be exempt from taking the means test for filing business bankruptcy.

Examination of Your Income Over the Past Six Months

Among other factors, the means test will look at your income over the previous six months in an attempt to gauge your ability to repay your debts. If your future income is likely to be significantly lower than your previous six months’ income because of a job loss, personal injury, divorce or other factors, your attorney may assist you in filing for Chapter 7 based on an affidavit of unemployment.

Our Lewisville Attorney Can Help Answer All of Your Bankruptcy Questions

Clients often have specific questions when preparing to take the Bankruptcy Means Test Calculator, such as the following:

  • Is it possible for only one person in a marriage to file for bankruptcy? (The answer to this question may depend on whether you and your spouse keep your finances separate or mingled.)
  • How are living expenses accounted for when one is calculating whether they are able to file for bankruptcy? (Answer: U.S. census data is used to determine local cost of living standards in your area. This takes into account necessities such as transportation as well as living expenses such as housing, food and utilities.)
  • How are child support payments, mortgage payments and child care expenses taken into account when calculating your ability to repay your debt? (Talk to an attorney to learn answers to these and other questions based on your particular circumstances.)
Enlist the Assistance of Experienced Lewisville Bankruptcy Lawyers

Find out if you qualify for a Chapter 13 or Chapter 7 bankruptcy through application of the bankruptcy means calculator. Call 972-315-6222 or send us an e-mail to schedule a face-to-face consultation with a Lewisville bankruptcy lawyer. We are ready to advise you about how to take advantage of all relief available under the U.S. bankruptcy code.


Call 972-315-6222 to arrange for a free initial consultation to discuss your bankruptcy questions with the dedicated Lewisville bankruptcy attorneys at Shuster Law PLLC. We offer no-obligation case evaluations for potential clients. 

Contact Us

We are a debt relief agency and bankruptcy specialist. We help people file for debt relief under the U.S. Bankruptcy Code and we assist in choosing the right type of debt relief solution for your needs. 

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