Every six months the United States Department of Justice releases new Median Family income figures for each state and territory. These figures are used to calculate a debtor's eligibility to file for bankruptcy under Chapter 7 of the Bankruptcy Code. If a debtor's income is greater than the median income for their state of residence and family size, they many not be able to file a Chapter 7 bankruptcy case.
The Means Test calculation compares the average monthly income (as calculated over the last six (6) months) to the median family income in a debtor's state for a household of their size. If the average monthly income is lower than the median family income for the debtor's state of residence and family size, then they pass the means test and there is a presumption that they may file for Chapter 7 relief.
The Median Family Income for Massachusetts as of November 1, 2012 were as follows:
Family size 1: $54,475 per year
Family size 2: $66,076 per year
Family size 3: $80,822 per year
Family size 4: $101,523 per year
add an additional $7,500 per year for each additional household member.
These figures went down slightly in each category from these figures.
The Median Family Income for Massachusetts as of April 1, 2013 are as follows:
Family size 1: $55,602 per year
Family size 2: $67,443 per year
Family size 3: $82,495 per year
Family size 4: $103,624 per year
add an additional $8,100 per year for each additional household member.
If your income is greater than the median income for your state of residence and family size, you still might meet part (b) of the means test after taking into consideration certain expenses as defined by the Bankruptcy Code and other deductions, including regular charitable donations (up to 15% of your income), school expenses, payments on 401(k)/IRA loans, and health Insurance. If you are subject to this calculation an attorney can help you perform this task.
Click here to learn more about The Means Test or use our Means Test Calculator.
To have an attorney help you with these calculations call 508.655.5980 to schedule a consultation or e-mail us here.
Showing posts with label means test. Show all posts
Showing posts with label means test. Show all posts
Monday, April 8, 2013
Friday, December 7, 2012
New Figures for Median Family Income Released
It's time for our bi-annual median family income update again. The United States Department of Justice twice per year releases new Median Family income figures for each state and territory. These figures are used to calculate a debtor's eligibility to file for bankruptcy under Chapter 7 of the Bankruptcy Code. If your income is greater than the median income for your state of residence and family size, you many not be able to file a Chapter 7 bankruptcy case.
The Means Test calculation compares your average monthly income (as calculated over the last six (6) months) to the median family income in your state for a household of your size. If your average monthly income is lower than the median family income for your state of residence and family size, then you meet the means test and there is a presumption that you may file for Chapter 7 relief.
The Median Family Income for Massachusetts as of May 1, 2012 were as follows:
Family size 1: $55,185 per year
Family size 2: $66,200 per year
Family size 3: $82,873 per year
Family size 4: $102,194 per year
add an additional $7,500 per year for each additional household member.
These figures went down slightly in each category from these figures.
The Median Family Income for Massachusetts as of November 1, 2012 are as follows:
Family size 1: $54,475 per year
Family size 2: $66,076 per year
Family size 3: $80,822 per year
Family size 4: $101,523 per year
add an additional $7,500 per year for each additional household member.
If your income is greater than the median income for your state of residence and family size, you still might meet part (b) of the means test after taking into consideration certain expenses as defined by the Bankruptcy Code and other deductions, including regular charitable donations (up to 15% of your income), school expenses, payments on 401(k)/IRA loans, and health Insurance. If you are subject to this calculation an attorney can help you perform this task.
Click here to learn more about The Means Test or use our Means Test Calculator.
To have an attorney help you with these calculations call 508.655.5980 to schedule a consultation or e-mail us here.
The Means Test calculation compares your average monthly income (as calculated over the last six (6) months) to the median family income in your state for a household of your size. If your average monthly income is lower than the median family income for your state of residence and family size, then you meet the means test and there is a presumption that you may file for Chapter 7 relief.
The Median Family Income for Massachusetts as of May 1, 2012 were as follows:
Family size 1: $55,185 per year
Family size 2: $66,200 per year
Family size 3: $82,873 per year
Family size 4: $102,194 per year
add an additional $7,500 per year for each additional household member.
These figures went down slightly in each category from these figures.
The Median Family Income for Massachusetts as of November 1, 2012 are as follows:
Family size 1: $54,475 per year
Family size 2: $66,076 per year
Family size 3: $80,822 per year
Family size 4: $101,523 per year
add an additional $7,500 per year for each additional household member.
If your income is greater than the median income for your state of residence and family size, you still might meet part (b) of the means test after taking into consideration certain expenses as defined by the Bankruptcy Code and other deductions, including regular charitable donations (up to 15% of your income), school expenses, payments on 401(k)/IRA loans, and health Insurance. If you are subject to this calculation an attorney can help you perform this task.
Click here to learn more about The Means Test or use our Means Test Calculator.
To have an attorney help you with these calculations call 508.655.5980 to schedule a consultation or e-mail us here.
Monday, July 9, 2012
US Trustees Release New Figures for Median Family Income
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It is ultimately up to the Bankruptcy Judge to decide whether the case should be dismissed. However, if your income exceeds the median family income then a presumption arises under part (a) of the Means Test that you do not qualify for a chapter 7 bankruptcy.
The Means Test calculation compares your average monthly income (as calculated over the last six (6) months) to the median family income in your state for a household of your size. If your average monthly income is lower than the median family income for your state of residence and family size, then you meet the means test and there is a presumption that you may file for Chapter 7 relief.
If your income is greater than the median income for your state of residence and family size, you still might meet part (b) of the means test after taking into consideration certain expenses as defined by the Bankruptcy Code and other deductions, including regular charitable donations (up to 15% of your income), school expenses, payments on 401(k)/IRA loans, and health Insurance. If you are subject to this calculation an attorney can help you perform this task.
The Median Family Income for Massachusetts as of November 1, 2011 were as follows:
Family size 1: $53,496 per year
Family size 2: $64,174 per year
Family size 3: $80,337 per year
Family size 4: $99,067 per year
add an additional $7,500 per year for each additional household member.
These figures went up approximately $2,000 per category per year on May 1, 2012.
The Median Family Income for Massachusetts as of May 1, 2012 are as follows:
Family size 1: $55,185 per year
Family size 2: $66,200 per year
Family size 3: $82,873 per year
Family size 4: $102,194 per year
add an additional $7,500 per year for each additional household member.
Click here to learn more about The Means Test or use our Means Test Calculator.
To have an attorney help you with these calculations call 508.655.5980 to schedule a consultation or e-mail us here.
Monday, November 7, 2011
New Median Income Figures Released for all Bankruptcy Cases Filed after November 1, 2011
The United States Trustee Program has released new Census Bureau data which is used for means testing calculations regarding Chapter 7 bankruptcy petitions, and for calculating the plan commitment period for Chapter 13 cases. Due to the updated figures, the various standards for the expenses in the "means test" form will change for all bankruptcy cases filed on or after November 1, 2011.
The new figures reflect a decrease in the median income, and will make it more difficult for individuals to file for Chapter 7 bankruptcy. Additionally, the decrease in the median income, coupled with amendments to the National and Local standards may require a longer commitment period for Chapter 13 cases.
In Massachusetts, the new Median Family Income figures are as follows:
Family Size of 1: $53,496
Family Size of 2: $64,174
Family Size of 3: $80,337
Family Size of 4: $99,067
In addition, add $7,500 for each individual in excess of 4.
For a list of the updated median family income figures for other states, as well the updated National Standards and Local Standards is provided here.
If your household income exceeds the median income for your state of residence, other factors are considered for means testing criteria. In addition to updated median income figures, the Department of Justice and Internal Revenue Service have also updated National Standards for Food Clothing & Other Items; National Standards for Out-of-Pocket Health Care Expenses; and Local Standards for Housing, Utilities and Transportation.
While the changes in the Median Income, National Standards and Local Standards have effectively "raised the bar" for new Chapter 7 cases, the changes are not so significant to place bankruptcy out of reach for most individuals and families requiring assistance. If you would like to know more about your options for finding financial freedom, contact Attorney Matthew P. Trask for an initial debt-relief consultation, or call 508.655.5980.
The new figures reflect a decrease in the median income, and will make it more difficult for individuals to file for Chapter 7 bankruptcy. Additionally, the decrease in the median income, coupled with amendments to the National and Local standards may require a longer commitment period for Chapter 13 cases.
In Massachusetts, the new Median Family Income figures are as follows:
Family Size of 1: $53,496
Family Size of 2: $64,174
Family Size of 3: $80,337
Family Size of 4: $99,067
In addition, add $7,500 for each individual in excess of 4.
For a list of the updated median family income figures for other states, as well the updated National Standards and Local Standards is provided here.
If your household income exceeds the median income for your state of residence, other factors are considered for means testing criteria. In addition to updated median income figures, the Department of Justice and Internal Revenue Service have also updated National Standards for Food Clothing & Other Items; National Standards for Out-of-Pocket Health Care Expenses; and Local Standards for Housing, Utilities and Transportation.
While the changes in the Median Income, National Standards and Local Standards have effectively "raised the bar" for new Chapter 7 cases, the changes are not so significant to place bankruptcy out of reach for most individuals and families requiring assistance. If you would like to know more about your options for finding financial freedom, contact Attorney Matthew P. Trask for an initial debt-relief consultation, or call 508.655.5980.
Thursday, September 1, 2011
FAQ #12: What is the difference between a Chapter 7 and a Chapter 13 Bankruptcy?
Chapter 7 Bankruptcy, sometimes referred to as "liquidation" or “straight bankruptcy”, is designed for people who do not have the ability to pay their existing debts. To prove that you cannot pay your debts, you are subject to a "means test" designed to determine whether the case should be permitted to proceed under Chapter 7. The means test generally looks at the debtor’s gross income from all sources over the past six months, and if it is over the median income for your state, then you cannot file Chapter 7 bankruptcy because the formula has determined you have enough excess income to pay your debts over time. There are some exceptions to the “means test” so you should consult with an attorney to be sure.
At the end of a Chapter 7 Bankruptcy (usually about 6 months) you receive a discharge of your debts and you no longer owe those debts (except for some debts like student loans which cannot be discharged).
Chapter 13 Bankruptcy involves the repayment of all or part of your debts with your excess monthly income. Chapter 13 is designed for individuals with regular income who can pay at least some of their debts in installments over a period of time.
Under Chapter 13, you must file with the Bankruptcy Court a plan to repay your creditors all or part of the money that you owe them, using your future earnings. The period allowed by the court to repay your debts may be three (3) to five (5) years, depending on your income and other factors. The court must approve your plan before it can take effect.
Provided that you have complied with the plan and made all payments required under the plan, at the end of a Chapter 13 repayment plan (3-5 years) you will receive a discharge of the unpaid portion of your debts (except for some debts like student loans which cannot be discharged).
Because a Chapter 13 requires some payments of your debt, it is not usually a person’s first choice. However there are some good reasons to file Chapter 13:
A Chapter 13 is often filed:
1. To stop foreclosure and cure mortgage arrears, allowing someone to keep a house they might lose in a Chapter 7 case;
2. If the debtor is over the means test limit for a Chapter 7 case, but still wants a fresh start debt after 3-5 years;
3. To pay tax debt over time;
4. To protect property from creditors and avoid a Chapter 7 liquidation of assets;
5. To sell property to maximize price, rather than let it go to Chapter 7 auction; and
6. To avoid dischargability problems with creditors that might occur in a Chapter 7 (although the 2005 changes to the Bankruptcy Code have reduced Chapter 13 filing's ability to avoid dischargability problems).
Saturday, January 15, 2011
Supreme Court Decision: Not All Consumers can use Car Ownership Deduction
In part B of the means test, you must take into consideration certain expenses as defined by the Bankruptcy Code and IRS relating to allowable housing expenses, utility expenses and other deductions, such as regular charitable donations (up to 15% of your income), school expenses, payments on 401(k)/IRA loans, and health insurance. If you are filing for Chapter 13 Bankruptcy, part B of the means test is also used to determine the amount of money left over in your budget for payment on a Chapter 13 Plan.
In either instance, there are two allowable deductions for owning a car: the "ownership" deduction and the "operating" deduction. If you own a car you can take the operating deduction in which the IRS standard estimates your cost for use of your car. If you owe money on your car then you can take the amount of your loan as an "ownership" deduction as well, and the court also provides an IRS standard estimate for the "ownership" deduction. But what if you don't owe any money on your car, or your lien expense is less than the standard "ownership" deduction?
This question was answered differently by a number of appeals courts in the U.S., and on Tuesday, January 11, 2011, the U.S. Supreme Court resolved the inconsistency by upholding a 9th Circuit decision on this issue. The Supreme Court in Ransom v. Fia Card Services (Judge Kagan's first decision on the high court), decided that a consumer who does not have a lien on their car in a Chapter 13 case cannot use the "ownership" deduction to reduce their payment. Although, not addressed directly by the Court, this decision would also presumably apply to use of this deduction to meet the Chapter 7 Part B Means Test.
The Court rejected the debtor's argument that this application of the law would result in unfair policies favoring people who owed money on their car (i.e. bought newer cars before filing bankruptcy), and based their decision primarily on the Court's interpretation of the use of the word "applicable" in the statute. Judge Scalia in his dissent points out the absurdity of this reading and the confusion it may create. Specifically, this ruling does not clarify whether the "ownership" deduction can be taken in whole when the lien payment is less. Although meeting the standard of being an "applicable" deduction, this result would not really make sense in light of the court's ruling.
Regardless of whether the ruling is completely consistent, it is now the law, and for Chapter 13 consumers that have paid off cars, this means they will be making higher payments to their creditors.
Thursday, October 14, 2010
New Median Income Figures Released for all Bankruptcy Cases Filed after November 1, 2010
The United States Trustee Program has released new Census Bureau data which is used for means testing calculations regarding Chapter 7 and Chapter 13 bankruptcy petitions. Due to the updated figures, the various standards for the expenses in the "means test" form will change for all bankruptcy cases filed on or after November 1, 2010.
In Massachusetts, the new Median Family Income figures are as follows:
Family Size of 1: $54,161
Family Size of 2: $67,142
Family Size of 3: $82,385
Family Size of 4: $100,462
In addition, add $7,500 for each individual in excess of 4.
For a list of the updated median family income figures for other states, a complete list is provided here.
In addition, the Kelsey & Trask, P.C. bankruptcy website has been updated to reflect the new figures, including updates to the Kelsey & Trask P.C. Means Test Calculator, and also our Mobile Means Test Calculator, optimized for use on smartphones. We will also be making the same updates to our Means Test Calculator iPhone App in the near future, so be sure to update your App.
In Massachusetts, the new Median Family Income figures are as follows:
Family Size of 1: $54,161
Family Size of 2: $67,142
Family Size of 3: $82,385
Family Size of 4: $100,462
In addition, add $7,500 for each individual in excess of 4.
For a list of the updated median family income figures for other states, a complete list is provided here.
In addition, the Kelsey & Trask, P.C. bankruptcy website has been updated to reflect the new figures, including updates to the Kelsey & Trask P.C. Means Test Calculator, and also our Mobile Means Test Calculator, optimized for use on smartphones. We will also be making the same updates to our Means Test Calculator iPhone App in the near future, so be sure to update your App.
Thursday, June 24, 2010
Waiting in line for the new iPhone? There's no wait (and no cost) to download our Apps!
Today, June 24, 2010, the day of the iPhone 4.0 release, many, many Apple devotees are waiting in line, no doubt playing games, checking e-mail and surfing the web on their 3GS until they get their hands on the newest iPhone. Well, whether or not you've braved the lines to be the first to have the new device, you can still download the Kelsey & Trask, P.C. Web-Apps and iPhone Apps. (see the end of this post for instructions on how to access these apps on other smartphones as well)
iPhone Apps:
The Chapter 7 Means Test Calculator App
The means test is a test required under the new bankruptcy law to determine a debtor's eligibility to file for bankruptcy under Chapter 7 of the Bankruptcy Code. If your income is greater than the median income for your state of residence and family size, in some cases, creditors have the right to file a motion requesting that the Court dismiss your cases under Section 707(b) of the Bankruptcy Code.
Use this App to determine whether you qualify for Chapter 7 bankruptcy under part a of the Chapter 7 Means Test. You can even save or e-mail your calculation to access it later. If your income is greater than the median income for your state of residence and family size, you still might meet part b of the means test after taking into consideration certain expenses and deductions as defined by the Bankruptcy Code. You should consult with an attorney to determine your eligibility.
The Child Support Calculator App
Use this worksheet to calculate the presumptive amount of child support to be ordered by the Probate & Family Courts in Massachusetts based on the Massachusetts Child Support Guidelines (including all of the calculations required for filling out the court form). You can then save your calculations, and even e-mail them.
Must have app for Family Law Attys - ★★★★★
Review by Mass Attorney
Must have app. Quickly calculate child support according to the guidelines and try different income scenerios.
The Divorce Spousal Support Calculator App
Some states use formulas to calculate presumptive alimony. And notwithstanding the lack of legislative support, some Judges in Massachusetts have suggested doing the same. A Joint Task Force of the Massachusetts Bar Association and the Boston Bar Association has prepared a draft report which also suggests a formula to calculate the maximum alimony award possible.
All of these formulas are included in this calculator, which we believe can be a valuable resource in helping parties understand a reasonable potential range of spousal support orders.
In addition, you can access the full Article (The Divorce Spousal Support Calculator: An Alimony Formula Resource and Tool for Computing Suggested Alimony Payments in Divorce Cases) directly from the App by clicking on the Settings button in the lower left-hand corner of the App.
Similar to the Child Support Calculator App, you can also save and e-mail your calculations.
Web Apps:
These three Apps are also available as Web-Apps and can be accessed directly on our mobile site or through the Apple Web-App Store.
The Chapter 7 Means Test Calculator Web-App
- Direct Link: mobile.kelseytrask.com/meanstest.htm
The Child Support Calculator Web-App
- Direct Link: http://mobile.kelseytrask.com/childsupport.htm
The Divorce Spousal Support Calculator Web-App
- Direct Link: http://mobile.kelseytrask.com/spousalsupport.htm
In addition we have a recently created fourth web-app:
The Chapter 7 Timeline Calculator Web-App
- Direct Link: mobile.kelseytrask.com/7timeline.htm
The bankruptcy court is very strict regarding deadlines. Often, missing a deadline will result in the dismissal of your Bankruptcy Case. Therefore, it is very important that all documents are filed accurately and on time with the Bankruptcy Court.
This App displays approximate dates for deadlines and events in a Chapter 7 Bankruptcy case when you enter a filing date. These dates are subject to change by amendments to the U.S. Code, or may vary due to local rules or practices or even due to the specific facts of your case. If you have any questions you should consult with an attorney when reviewing this timeline.
Don't have an iPhone, that's okay too. Whether you are an Android, Blackberry or other smartphone user, you can still use all of our great calculators in your web-browser on our mobile pages designed just for smartphones. Just visit m.kelseytrask.com or mobile.kelseytrask.com on your mobile phone and you should see a page that looks something like this:
iPhone Apps:
The Chapter 7 Means Test Calculator App
The means test is a test required under the new bankruptcy law to determine a debtor's eligibility to file for bankruptcy under Chapter 7 of the Bankruptcy Code. If your income is greater than the median income for your state of residence and family size, in some cases, creditors have the right to file a motion requesting that the Court dismiss your cases under Section 707(b) of the Bankruptcy Code. Use this App to determine whether you qualify for Chapter 7 bankruptcy under part a of the Chapter 7 Means Test. You can even save or e-mail your calculation to access it later. If your income is greater than the median income for your state of residence and family size, you still might meet part b of the means test after taking into consideration certain expenses and deductions as defined by the Bankruptcy Code. You should consult with an attorney to determine your eligibility.
The Child Support Calculator App
Use this worksheet to calculate the presumptive amount of child support to be ordered by the Probate & Family Courts in Massachusetts based on the Massachusetts Child Support Guidelines (including all of the calculations required for filling out the court form). You can then save your calculations, and even e-mail them.Must have app for Family Law Attys - ★★★★★
Review by Mass Attorney
Must have app. Quickly calculate child support according to the guidelines and try different income scenerios.
The Divorce Spousal Support Calculator App
Some states use formulas to calculate presumptive alimony. And notwithstanding the lack of legislative support, some Judges in Massachusetts have suggested doing the same. A Joint Task Force of the Massachusetts Bar Association and the Boston Bar Association has prepared a draft report which also suggests a formula to calculate the maximum alimony award possible. All of these formulas are included in this calculator, which we believe can be a valuable resource in helping parties understand a reasonable potential range of spousal support orders.
In addition, you can access the full Article (The Divorce Spousal Support Calculator: An Alimony Formula Resource and Tool for Computing Suggested Alimony Payments in Divorce Cases) directly from the App by clicking on the Settings button in the lower left-hand corner of the App.
Similar to the Child Support Calculator App, you can also save and e-mail your calculations.
Web Apps:
These three Apps are also available as Web-Apps and can be accessed directly on our mobile site or through the Apple Web-App Store.
The Chapter 7 Means Test Calculator Web-App
- Direct Link: mobile.kelseytrask.com/meanstest.htm
The Child Support Calculator Web-App
- Direct Link: http://mobile.kelseytrask.com/childsupport.htm
The Divorce Spousal Support Calculator Web-App
- Direct Link: http://mobile.kelseytrask.com/spousalsupport.htm
In addition we have a recently created fourth web-app:
The Chapter 7 Timeline Calculator Web-App
- Direct Link: mobile.kelseytrask.com/7timeline.htm
The bankruptcy court is very strict regarding deadlines. Often, missing a deadline will result in the dismissal of your Bankruptcy Case. Therefore, it is very important that all documents are filed accurately and on time with the Bankruptcy Court.This App displays approximate dates for deadlines and events in a Chapter 7 Bankruptcy case when you enter a filing date. These dates are subject to change by amendments to the U.S. Code, or may vary due to local rules or practices or even due to the specific facts of your case. If you have any questions you should consult with an attorney when reviewing this timeline.
Don't have an iPhone, that's okay too. Whether you are an Android, Blackberry or other smartphone user, you can still use all of our great calculators in your web-browser on our mobile pages designed just for smartphones. Just visit m.kelseytrask.com or mobile.kelseytrask.com on your mobile phone and you should see a page that looks something like this:
Friday, June 11, 2010
What is the Median Family Income for Massachusetts?
The Median Family Income for Massachusetts as of March 15, 2010 is as follows:
Family size 1: $53,315 per year
Family size 2: $69,204 per year
Family size 3: $82,297 per year
Family size 4: $99,293 per year
add an additional $6,900 per year for each additional household member, up until April 1, 2009. For cases filed after April 1, 2009 add an additional $7,500 for each additional household member.
Under Part (a) of the Chapter 7 means test, if your income is greater than the median income for your state of residence and family size, then there is a presumption that you qualify for bankruptcy relief under chapter 7.
For more information on other states and a Median income Calculator visit our webpage, our mobile webpage designed for smart phones, or download our iPhone App.
Please note that these figures are subject to change and you should consult with an attorney for the current figures.
Family size 1: $53,315 per year
Family size 2: $69,204 per year
Family size 3: $82,297 per year
Family size 4: $99,293 per year
add an additional $6,900 per year for each additional household member, up until April 1, 2009. For cases filed after April 1, 2009 add an additional $7,500 for each additional household member.
Under Part (a) of the Chapter 7 means test, if your income is greater than the median income for your state of residence and family size, then there is a presumption that you qualify for bankruptcy relief under chapter 7.
For more information on other states and a Median income Calculator visit our webpage, our mobile webpage designed for smart phones, or download our iPhone App.Please note that these figures are subject to change and you should consult with an attorney for the current figures.
Friday, March 5, 2010
New Median Income Figures Released for all Bankruptcy Cases Filed after March 15, 2010
The United States Trustee Program has released new Census Bureau, IRS Data and Administrative Expenses Multipliers which are used for means testing calculations regarding Chapter 7 and Chapter 13 bankruptcy petitions. Due to the updated IRS Data, the various standards for the expenses in the "means test" form will change for all bankruptcy cases filed on or after March 15, 2010.
In Massachusetts, the new Median Family Income figures are as follows:
Family Size of 1: $53,315
Family Size of 2: $69,204
Family Size of 3: $82,297
Family Size of 4: $99,239
For cases filed on or before March 31, 2010, add $6,900 for each individual in excess of 4. For cases filed on or after April 1, 2010, add $7,500 for each individual in excess of 4.
In Massachusetts, the new Median Family Income figures are as follows:
Family Size of 1: $53,315
Family Size of 2: $69,204
Family Size of 3: $82,297
Family Size of 4: $99,239
For cases filed on or before March 31, 2010, add $6,900 for each individual in excess of 4. For cases filed on or after April 1, 2010, add $7,500 for each individual in excess of 4.
For a list of the updated median family income figures for other states, a complete list is provided here.
In addition, the Kelsey & Trask, P.C. bankruptcy website has been updated to reflect the new figures, including updates to theKelsey & Trask P.C. Means Test Calculator, and also our Mobile Means Test Calculator, optimized for use on smartphones. We will also be making the same updates to our Means Test Calculator iPhone App in the near future, so be sure to update your App.
In addition, the Kelsey & Trask, P.C. bankruptcy website has been updated to reflect the new figures, including updates to theKelsey & Trask P.C. Means Test Calculator, and also our Mobile Means Test Calculator, optimized for use on smartphones. We will also be making the same updates to our Means Test Calculator iPhone App in the near future, so be sure to update your App.
Saturday, January 9, 2010
New iPhone App: Means Test Calculator
Kelsey & Trask, P.C. is now offering the Chapter 7 Means Test Calculator (already available on our main website and our mobile website) as an application for use on the iPhone and iPod Touch.Download it now because it will only be available for free for a limited time.
Use this worksheet to determine whether you qualify for Chapter 7 Bankruptcy under the first part of the Chapter 7 Means Test.
The application allows you to save your calculations, e-mail your calculations, or even save them to the clipboard.
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