iZ Posted August 4, 2006 Report Share Posted August 4, 2006 State: IL six months used -feb 06 to july 06goal: too see if i qualify for bk wo the means test feb 06 to july 06Total Income 23,161.05total income over last 6 months = 23,161.05 divide by 6 = 23,161.05 divided by 6 = 3860.175 times 12 = 46,322.1 is the total under the Illinois exemption amount? Currently 43,000 ANSWER NO, you still must do means test... But close.Therefore under the current 6 months income, Feb to July 1 would not qualify without the means test. Is that correct? Are there any other legal means to be in under the exemption? If I am a sole prop would that make a dif (consumer vs business) All constructive comments welcome...Thanks!iZ Link to comment Share on other sites More sharing options...
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