Means Test - Chapter 13 Bankruptcy

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While there are specific eligibility requirements for filing a Chapter 13 bankruptcy, the Means Test for Chapter 13 is primarily used to determine the length of the repayment plan. The repayment plan is either three years or five years, depending on your ability to repay your debt.

The Means Test will reveal how much disposable income you have to repay debt. Chapter 13 Trustees use the Means Test to help determine how much your unsecured creditors receive through the bankruptcy. A Supreme Court ruling in 2010 made it clear that the Means Test is only a starting point. Other factors are considered by the Trustee, including:

  • Loss of employment
  • Reductions in income
  • One-time payments received prior to filing
  • Increases in allowed expenses

There are specific expenses that can and cannot be used as part of the Means Test calculation. An experienced bankruptcy lawyer can provide the guidance needed to receive the maximum benefit of a Chapter 13 Bankruptcy. It is important that you make a fully informed decision when considering bankruptcy.

Take advantage of a FREE Consultation with bankruptcy attorney J.D. Graham and learn how the law applies to you and your situation. Simply use the form below or contact an office near you.

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O'Fallon, IL Bankruptcy Attorney

1 Eagle Center, Suite #3A
O'Fallon, IL 62269

(618) 235-9800 Office

(618) 235-9805 Fax


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Mt. Vernon, IL Bankruptcy Attorney

4140 Broadway
Mt. Vernon, IL 62864

(618) 235-9800 Office

(618) 235-9800 Fax


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Marion, IL Bankruptcy Attorney

4501 W DeYoung Street, Suite 208
Marion, IL 62959

(618) 235-9800 Office

(618) 235-9800 Fax


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Carrollton, IL Bankruptcy Attorney

522 N. Main Street
Carrollton, IL 62016

(618) 235-9800 Office

(618) 235-9800 Fax


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Granite City, IL Bankruptcy Attorney

1600 Pontoon Road, Suite B
Granite City, IL 62040

(618) 235-9800 Office

(618) 235-9805 Fax


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Effingham, IL Bankruptcy Attorney

304 E Jefferson Ave., Suite D
Effingham, IL 62401

(618) 235-9800 Office

(618) 235-9805 Fax


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Belleville, IL Bankruptcy Attorney

7012 W Main Street
Belleville, IL 62223

(618) 235-9800 Office

(618) 235-9805 Fax


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Mounds, IL Bankruptcy Attorney

429 S Blanche Street, Suite 2A
Mounds, IL 62964

(618) 235-9800 Office

(618) 235-9805 Fax


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Salem, IL Bankruptcy Attorney

2721 S. Broadway (Rt. 37 South)
Salem, IL 62881

(618) 235-9800 Office

(618) 235-9805 Fax


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Red Bud, IL Bankruptcy Attorney

205 E. Market Street
Red Bud, IL 62278

(618) 235-9800 Office

(618) 235-9805 Fax


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Olney, IL Bankruptcy Attorney

101 S. Elliott Street
Olney, IL 62450

(618) 235-9800 Office

(618) 235-9805 Fax


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Alton, IL Bankruptcy Attorney

307 Henry St., Suite 411
Alton, IL 62002

(618) 235-9800 Office

(618) 235-9805 Fax


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Edwardsville, IL Bankruptcy Attorney

2110 Troy Road, Suite G
Edwardsville, IL 62025

(618) 235-9800 Office

(618) 235-9805 Fax


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Carmi, IL Bankruptcy Attorney

101 S Church St.
Carmi, IL 62821

(618) 235-9800 Office

(618) 235-9805 Fax


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