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Chapter 7 bankruptcy means test #5109

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MaxGhenis opened this issue Sep 21, 2024 · 0 comments · May be fixed by #5323
Open

Chapter 7 bankruptcy means test #5109

MaxGhenis opened this issue Sep 21, 2024 · 0 comments · May be fixed by #5323
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@MaxGhenis
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MaxGhenis commented Sep 21, 2024 •
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Must have gross income below the state median, and also net income after various deductions (which vary by geography) below a fraction of the outstanding debt.

https://www.law.cornell.edu/uscode/text/11/707
https://www.cacb.uscourts.gov/sites/cacb/files/documents/forms/122A2.pdf
https://www.uscourts.gov/sites/default/files/instructions-individuals-2015.pdf

Based on various local standards including https://www.irs.gov/businesses/small-businesses-self-employed/local-standards-transportation

UpSolve has a calculator we can benchmark against: https://upsolve.org/learn/chapter-7-means-test-calculator/
hua7450 added a commit to hua7450/policyengine-us that referenced this issue Nov 12, 2024
@hua7450
Chapter 7 bankruptcy means test
334145a 
Fixes PolicyEngine#5109
@hua7450 hua7450 linked a pull request Nov 12, 2024 that will close this issue
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hua7450 added a commit to hua7450/policyengine-us that referenced this issue Nov 19, 2024
@hua7450 @pxu12
Chapter 7 bankruptcy means test
497b3ad 
Fixes PolicyEngine#5109

Co-authored-by: Pinyan <[email protected]>
hua7450 added a commit to hua7450/policyengine-us that referenced this issue Nov 25, 2024
@hua7450
Chapter 7 bankruptcy means test
3b7ec64 
Fixes PolicyEngine#5109
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Chapter 7 bankruptcy means test hua7450/policyengine-us
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