Title:

The Chapter 7 Bankruptcy Means Test

Description:

There are some important considerations that must be measured when determining if an individual or family can legally take advantage of Chapter 7 Bankruptcy in the state of California. After finding a Riverside CA bankruptcy lawyer, a complex calculation will be employed by the court to see if a case has been filed incorrectly under a Chapter 7 Bankruptcy. This process includes a variety of factors including the determination whether an individual's income is below or above the state's median income. In California, the median income for a single-earner family is $47,234. For a family of four earners, that income rises to $77,596.