24 Hour Toll Free Help

Chapter 13 Bankruptcy Means Test

The length of your bankruptcy repayment plan is determined by this Means Test. Debtors who file Chapter 13 Bankruptcy must complete Form B22C. This form allows the debtor to calculate their average monthly income for the 6 month period prior to the month before filing their Chapter 13 Bankruptcy.

Form B22C helps the debtor calculate the amount they must pay in their Chapter 13 Bankruptcy and the length of the repayment plan (either 3 or 5 years).

The means test calculates the debtor’s median income for a household. If their median is below the standard, they can repay their debts in 3 years. If their income is higher than the median standard, they can pay their debts in five years.

Under certain conditions, the court may allow below median income debtors to increase the length of their plan. Above median income households may also shorten their plan payment period if they pay 100 percent of the debts owed to their general unsecured creditors.

More Help on Completing the Chapter 13 Bankruptcy Means Test

Chapter 7 and Chapter 13 Bankruptcy Help

The two most common consumer bankruptcies are Chapter 7 and Chapter 13, our sponsoring lawyers handle these types exclusively so you can be sure you are getting accurate legal advice when you file bankruptcy. Our Bankruptcy attorneys will fight to protect your rights and your property, fight the aggressive and annoying creditors for you, and they can help you keep your home, vehicles and other property.

A lawyer will be committed to getting you debt relief and providing you with valuable information, services and advice to get you a better financial future. There are many convenient locations to make filing bankruptcy or learning about the alternatives we offer, even easier.

Get Help Now

Recent Bankruptcy Articles

Recent Bankruptcy Articles

  • Home Equity and Bankruptcy
    If you have equity on your house, then it is possible to use that equity in order to pay off your Chapter 13 bankruptcy at a much faster pace.
    - read more

  • Fair Credit Reporting Act
    The primary purpose of the Fair Credit Reporting Act is to ensure fairness and accuracy of credit reporting, and that the procedures followed are reasonable.
    - read more

  • Most Common Reasons for Bankruptcy
    A list of ten most common reasons people usually file for bankruptcy, including harassment from creditors and to end wage garnishments.
    - read more

  • Student Loans and Bankruptcy
    According to new changes, your student loan will only be discharged if the bankruptcy court is convinced that paying back the loan would bring about undue hardships for you or the people who are dependent on you.
    - read more