Household Size in Chapter 7 Bankruptcy in Aurora | Why Household Size is Important for Means Test

Learn more about why household size is important for the means test in an Aurora, Littleton, Centennial Chapter 7 bankruptcy.

Before you can qualify for a Chapter 7 bankruptcy in Aurora, you must pass the means test. One of the most important ways to determine whether you can pass or fail the means test is by determining your household size.

Littleton Chapter 7 Bankruptcy Means Test – What is the Means Test?

The Chapter 7 bankruptcy means test in Littleton is used to determine whether your income qualifies you to file a Chapter 7. This means your household income will be considered for the means test, and it will be compared to the Colorado median income for a household size similar to yours. If your household income is below the Colorado median income for a household size similar to yours, you will automatically qualify for a Chapter 7 bankruptcy.

Household Size in Centennial Chapter 7 Bankruptcy – Determining Your Household Size

Determining your household size is important for the Chapter 7 means test in Centennial, as Colorado median incomes vary based on household sizes. For example, a household size of seven will have a different median income than a household size of two. Your household size is generally determined by the number of people who live in your home. However, there are other ways to determine your household size depending on where you live. When determining whether your household size qualifies you for the Chapter 7 means test, you will compare your average income during the 6 months prior to filing bankruptcy, with the median income of a household size similar to yours.

Chapter 7 Bankruptcy Attorney in Parker: Call Barry Today and Learn Your Family’s Household Size

If you have questions about how to determine your household size for the Chapter 7 bankruptcy means test in Parker, call bankruptcy attorney Barry Arrington immediately. Figuring out your household size and average monthly income for the means test can be complicated and time-consuming. You need to make sure your household size is accurate, as it will determine whether you pass or fail the means test. Experienced Chapter 7 bankruptcy lawyer Barry Arrington can help you figure out your household size in Chapter 7 bankruptcy and whether you qualify for a Chapter 7 bankruptcy or not. Call Barry today to schedule a free initial consultation and be on your way to your best, fresh start.

If you are considering filing for Chapter 7 and need to figure out whether you qualify, it is important to work with an experienced lawyer. Don’t be fooled by the promises of a cheap bankruptcy attorney who treats you like a number. Your finances are important and deserve a real bankruptcy lawyer who is committed to your long term success. Attorney Barry Arrington is ready to meet with you for a free initial consultation. Call him at 303-205-7870. Or, submit the “Get Help Now” form to begin your journey toward financial freedom.

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