To qualify for a Chapter 7 Bankruptcy, you must past the “means test.”
To determine whether one passes the means test, and therefore qualifies for a Chapter 7, their household income must first be calculated. To calculate, you must take the previous 6 full months household gross income, and divide by 6 to average. (Do I have to include my spouse’s income if they are not filing?) For example, if you were to file November 16th, you would add up your household’s income for May through October, then divide by 6. If you were to file December 2nd, you would add up your household’s income for June through November, then divide by 6.
We’re debt relief agents. We help people find relief under the Bankruptcy Code.