Means Test

Pennsylvania Median Income Changes For 2020

The Pennsylvania median income will increase again for most families as of May 1, 2020, meaning more debtors will qualify for Chapter 7 Bankruptcy.

High-Income Chapter 7 Bankruptcy: Crossing the Threshold

Don't assume that your high income will prevent you from filing for Chapter 7 bankruptcy in Pennsylvania. Income alone does not determine if you should file for Chapter 7 or Chapter 13 bankruptcy or pursue a non-bankruptcy option.

The Bankruptcy Means Test: An Attorney’s Explanation

What is the bankruptcy means test? How does it work, and why does it matter in Pennsylvania bankruptcy? A Philadelphia bankruptcy lawyer explains how the means test can enable more debtors to file for Chapter 7 bankruptcy.

Avoiding the Bankruptcy Means Test

If you have to take the bankruptcy means test, keep in mind that there is a high likelihood of passing. Moreover, you may have options even if you do not pass the test.

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Harborstone Law represents clients in bankruptcy, debt, consumer, and small business matters throughout Philadelphia, Montgomery, Delaware, Chester, Bucks, Berks, Lancaster, Lehigh, and Northampton Counties in Pennsylvania.
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