The Bankruptcy Means test? What is it? How will it apply to you, many individuals have this question as they make the decision on whether to file bankruptcy. The bankruptcy means test determines whether your income is too much to file a chapter 7 bankruptcy or whether you need to file a chapter 13 bankruptcy. The means test was implemented for the purpose of limiting those eligible to file a chapter 7 bankruptcy. In a chapter 13 bankruptcy, creditors will be paid through a chapter 13 plan with payments going to a trustee. A chapter 7 bankruptcy is a total liquidation bankruptcy where there is no monthly payment to a trustee and the only creditors that are paid are on property you are eligible to keep and want to keep, as well as non-dischargeable debts. Many people think the means test means they must be totally broke to file a chapter 7 bankruptcy. But that is not the case at all. This is why it is best to seek the counsel of an experienced bankruptcy attorney that can advise you on which chapter of bankruptcy will best fit your situation. The means test compares your income to the average income in the area you live in. But even if your income is higher than the average, this does not mean you will not qualify to file a chapter 7 bankruptcy, there are expenses that you may have which also go into the means test calculation that could still make you eligible to file a chapter 7 bankruptcy. Of course, even if you qualify under the means test to file a chapter 7 bankruptcy, you still may decide to file a chapter 13 bankruptcy if that would let you retain certain property that perhaps would be lost in a chapter 7 bankruptcy. Due to the complexity of the means test, as well as determining which chapter of bankruptcy is best for you, asking a bankruptcy attorney for their expertise should address your concerns as well as have all your questions answered. Broward county bankruptcy attorney Howard Butler always provides an initial free consultation to speak to you about bankruptcy, Attorney Butler will advise you on the means test, as well as advise you based on your needs whether the best course of action is a chapter 7 or chapter 13 bankruptcy. You may contact the Butler Law Firm, P.A. by phone at 954-797-5338, you may also visit the website at www.browardcountybankruptcy.com. Do not guess if the means test will prevent you from filing a bankruptcy that could give you the financial relief you are looking for, contact bankruptcy lawyer Howard Butler today for your free initial consultation.