Below Median Income – Chapter 7 Bankruptcy
Posted by Kevin on July 20, 2011 under Bankruptcy Blog | 
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Under the 2005 Code know as BAPCPA, a consumer debtor must pass the means test to qualify for Chapter 7 bankruptcy. Chapter 7 allows a debtor to make no payments to unsecured creditors while keeping all exempt property.
What most consumers believe is that if you are under the median income for your area , you pass the means test, and you get to file under Chapter 7. Yes and no.
