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New Hampshire Means Test

The goal of the means test is to determine if you have enough disposable income to pay your creditors. The means test will take your income (over the last 6 months) and subtract expenses such as you house payment, taxes owed, child support, tuition (up to $1650) and car payments. If you have enough disposable income to pay $6,000 (100/month) toward your unsecure debt over the next sixty months, you will most likely have to file Chapter 13 Bankruptcy. If you fail this test but you have enough disposable income to pay 25% of your income in unsecured debt payments in the next sixty months, you will probably have to file Chapter 13 Bankruptcy.

The United States Trustee Program publishes a list of the state median incomes. The New Hampshire State Median list will outline the median income information for the state of New Hampshire. As of March 15, 2009, the median income for a single wage earner in the state of New Hampshire was $55,766 and for a family of two it was $65,751. For a family of three it was $$77,008 and for a family of four it was $93,186.

A New Hampshire Bankruptcy Attorney should be contacted to help you complete the means test and determine if you qualify to file Chapter 7 Bankruptcy. This is information is general and should not be considered legal advice. Use our Free Case Evaluation to find out if filing bankruptcy with an experienced New Hampshire lawyer is right for you.

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.

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