3 Strategies for Timing the Means Test in Las Vegas

Suspense Accounts

The 2005 Bankruptcy Reform Act is well-known for introducing the “means test” to Chapter 7 filings. Now, Chapter 7 filings require the petitioner’s average income over the previous six months to be below the median for the state in which he or she resides. If the debtor’s average income was above this median over that […]