Eligibility Requirements for Chapter 7 Bankruptcy

When you come to The Law Offices of Ronald I. Chorches to seek help under Chapter 7 bankruptcy, we will help you determine your eligibility. The means test is required by law to make sure that your income is actually insufficient to pay your bills, and it is tied to the state’s median gross income.

Because the per capita income in Connecticut ranks among the highest in the United States, it may be easier to qualify in Connecticut than in many other states. Your median income is calculated by adding together:

  • Gross income including wages, salary, tips, bonuses and commissions
  • Net business income expenses
  • Non-Social Security unemployment compensation
  • Pension and retirement income
  • Money received for expenses, including child support and alimony
  • Any additional income

To pass the means test, your monthly income over the past six months must not be greater than Connecticut’s median income. Even if it is, you may often be able to take advantage of deductions under IRS standards, including marital adjustments, mandatory payroll deductions and healthcare expenses, along with other allowable expenses and debt payment deductions.

Attorney Ronald Chorches and our entire legal staff are experienced Hartford, CT, Chapter 7 bankruptcy attorneys who want you to get the fresh start you deserve and can help you with the filing process. If you do not qualify for Chapter 7, we discuss your options under Chapter 13 bankruptcy that can get you out of debt and protect you from creditors.

Want A Fresh Start? Schedule A Consultation

For a free and confidential bankruptcy consultation on Chapter 7 and other bankruptcy options, please contact us online or call The Law Offices of Ronald I. Chorches at 860-563-3955.