How can I determine whether I qualify to file a Chapter 7 bankruptcy?

Since the bankruptcy law changed in 2005, the determination as to whether you qualify for a Chapter 7 bankruptcy is based on your income and household size, among other factors. Congress created what is referred to as the “Means Test” to help determine whether someone is eligible to file a Chapter 7 bankruptcy by entering the person’s income and household size, among other financial factors, into this Means Test formula.