Arizona Bankruptcy Means Test

Experienced Chapter 7 and Chapter 13 Arizona Bankruptcy Lawyer

infographic: Arizona median income per householdFiling chapter 7 bankruptcy in Arizona means that you must pass the Arizona Bankruptcy Means Test. The means test determines whether your income is low enough for you to file for Chapter 7 bankruptcy in Arizona.  The means test also determines if you are able to make repayments in an Arizona Chapter 13 bankruptcy.

The Arizona means test applies to higher income bankruptcy filers in Arizona who are hoping to file chapter 7 bankruptcy.  A means test assures that your income is below the Arizona median for your household size.

Compare your household income over the past six calendar months to the state median.

MEDIAN HOUSEHOLD INCOME TEST FOR ARIZONA

Compare your household income to the Arizona median income.

Total up your income for the last six calendar months, average it, then annualize it, and then compare it to the Arizona median for your size household.

If your income is below this amount, you meet the requirements of the “means test” of the bankruptcy code to qualify for Chapter 7 bankruptcy.

The chart below will help you to figure out your median household income.Compare your six-month total income over the last six calendar months to the “6 Mo. Total” in the chart below.  Pay attention to the rules about household size.

The bankruptcy law determines your income by looking at your household income during the six full calendar months before you file for bankruptcy.

 IF

LESS<   

ARIZONA MEDIAN INCOME TEST

Form 22A-1 (LINE 13)

IF

MORE >          

YouPass!

Chapter 7 is an option. Not legally required to complete Form 22A-2.

HH SizeMonthly Income6 Mo. TotalAnnual Income
1$4,257$25,543$51,086
2$5,308$31,849$63,698
3$5,774$34,642$69,284
4$6,586$39,513$79,026
5$7,286$43,713$87,426
6$7,986$47,913$95,826
7$8,686$52,113$104,226
8$9,386$56,313$112,626
9$10,086$60,513$121,026
10$10,786$64,713$129,426

Keep Going!

You must complete Form 22A-2 to determine if        Chapter 7 is available.

Sources:
U.S. Trustee Program, Department of Justice,
11 U.S.C. Sec. 707(b)(7) exclusion.
Official Form 22A-1, Line 13

We are a debt relief agency. We help people in Arizona file for bankruptcy relief under the Bankruptcy Code.

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Getting a fresh financial start and wiping out debt begins with a FREE CONSULTATION and debt evaluation with our experienced Arizona Bankruptcy attorney. Chapter Bankruptcy Lawyers offers expert legal representation and $0 down to file your bankruptcy.

• Chapter 7 Bankruptcy • Chapter 13 Bankruptcy  • Eliminate Debt with $0 Down • Free Debt Evaluation • Experienced, Trusted Attorney

After evaluating your debt, our attorney will recommend the best means by which to wipe out your debt. Next, upon qualifying for our program, you pay $0 down for legal fees. A payment arrangement is agreed upon in order to make low monthly payments for post-filing costs. 

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