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Showing results for tags 'means test'.
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In completing the Chapter 7 Means Test in Pennsylvania, can anyone shed light on the Mortgage Debt Payment (Subpart C of Means Test) if a home is CO-OWNED with a non-spouse? Specifically, myself and the co-owner are planning to file bankruptcy (one at a time). If I file first, can I state that I pay 100% of the mortgage in Subpart C of the Means Test? This would make passing the means test possible. Also, assuming my bankruptcy is granted, can the co-owner THEN file using the same 100% mortgage payment in his Subpart C?
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Here is an excellent website where you can do your own Means Test to see if you can qualify for Chapter 7 BK. http://www.nolo.com/legal-encyclopedia/chapter-7-bankruptcy-means-test-eligibility-29907.html
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