24 Hour Toll Free Help

The income test reviews your median income over the last six months and compares it to other Maryland families of equal size. If you median income is less than other Maryland families, you may file Chapter 7 Bankruptcy. If your income is more than other Maryland families, you will have to pass more "means testing".

The goal of means testing is to determine if you have enough disposable income to repay your unsecured debt. To determine this, you will take your net income and subtract pre-determined expenses including your mortgage payment, automobile payment, school tuition (up to $1650), taxes owed and child support. If after this calculation is made you can pay $6,000 ($100 per month) in debt repayment over the next 60 months, you may not be able to file Chapter 7 Bankruptcy. If you fail this test, but you could pay 25% of you disposable income in debt repayment, you may not be able to file a Maryland Chapter 7 Bankruptcy.

Means testing can be complicated and the information provided above is very general. It is a good idea to discuss your income and expenses with a qualified Maryland Bankruptcy Attorney who can help you determine if you can qualify for Chapter 7 Bankruptcy.

Maryland's median income is published by the United States Trustee program in the State Median Income List. For the state of Maryland, after March 15, 2009, the average median income for a single wage earner is $55,543. For a family of two it is $73,947 and for a family of three it is $84,952. For a family of four it is $103,719.

More Help on The Means Test and Maryland Bankruptcy

  • Maryland Bankruptcy Information - Get fast and efficient debt relief from a highly qualified attorney familiar with the Maryland bankruptcy laws. Don\'t wait any longer to get the fresh start you deserve. - read more

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