Use the free Chapter 7 means test calculator based on the bankruptcy means test to estimate Chapter 7 bankruptcy qualification. The calculator takes 2- 5 minutes to complete.
Information in this article does not constitute legal advice, it is for informational purposes only, and may not constitute the most up-to-date information. Readers should contact their attorney for advice on any particular legal matter.
The calculator is 100% free and is based on the US bankruptcy forms. The calculator can estimate the all-in cost of Chapter 7 bankruptcy in addition to providing the pros and cons of Chapter 7 bankruptcy. You can also compare Chapter 7 to other options. Not even an email address is required (unless you want to save the results or want additional help) as we wanted to provide a completely free resource to help you understand the bankruptcy option. This calculator considers the most updated means testing filing data for 2025.
Once you finish the Chapter 7 means test calculator, you will see a results screen like the Chapter 7 calculator results image below. This estimate is for a user in Louisiana.
The Chapter 7 means test calculator results will show an estimate of whether you qualify in addition to the all-in cost of Chapter 7 Bankruptcy
Now that you have your results, the purpose of this article is to help you estimate your Chapter 7 qualification and explain how the Chapter 7 means test calculator works.
Keep on reading or, jump ahead to the section that interests you most.
Table of Contents
How Does The Chapter 7 Means Test Calculator Work?
First, the Chapter 7 calculator works to understand your income from all your different income sources. It generally does not include social security income, potentially some disability income, VA disability and possibly military pensions.
Income can be complex, but the Chapter 7 means test calculator helps break down your income into language relatable to the bankruptcy means test.
Next, the Chapter 7 means test calculator compares it to the median income allowable by your state. The income is based on household size, state, and income level. It will look at the household gross income before taxes. If you are married, you may have to include your spousal income.
The Bankruptcy Means Test is complicated. A free Chapter 7 means test calculator can help you estimate Chapter 7 qualification before having a bankruptcy consultation. The purpose of this article is to explain how it works to make you the most informed about Chapter 7 bankruptcy qualification.
Bankruptcy can be a great way to get a fresh start when your debt has become unaffordable due to financial hardship. Bankruptcy is for those who have a strong desire to pay their bills, but may not have the ability to pay those bills.
Yes, you can file bankruptcy while unemployed with no job, but please note that your unemployment income does count as income for the bankruptcy means test.
The United States Bankruptcy Code does not require people to hire a bankruptcy lawyer to file a Chapter 7 bankruptcy case. Cases filed by individuals without attorneys are referred to as “pro se” filings.
