What does it normally take to qualify to file a Chapter 7 bankruptcy case in Arizona?
To qualify for Chapter 7 bankruptcy in Arizona, basically a good generic way of thinking of it in a Chapter 7 is that you have to make below a certain amount and you have to be negative on your expenses. How this is determined is basically by first looking at a person’s gross income six months average prior to filing. If you are below that median income for your size household, then the means test does not apply. If you are over the median on gross income, there is another way to qualify and that is that you can pass on your Net. This basically means using allowable expenses, you take your Gross which is over the median and you essentially pass the means test by using allowable expenses. In this scenario, you are basically saying: “Yes I am over the median income, but I’m passing on my Net, I’m passing on my take-home. There is a lot of different factors to take into consideration in regard to the Arizona Means test, and there some things you can take and there’s things you can’t. The
