How does the Means Test Affect Filing for Bankruptcy in Kansas?
The “means test” determines whether you have low enough income to file for Bankruptcy under Chapter 7 to extinguish your debts. The test was designed to keep high wage earners from wiping out their debts when they could conceivably pay them. Even if you fail the means test, however, you may file for Chapter 13 where you pay for a share of your debts while at the same time receiving bankruptcy protection from creditor law suits. For help in figuring the means test, Kansas residents are urged to contact a bankruptcy attorney in Kansas.
