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The means test is calculated by comparing the debtor's average income for the past six months (current monthly income), annualized, to the median income for households of the same size in the debtor's state of residence.

You can earn a high income and still pass the means test if you have substantial expenses like a hefty mortgage, multiple car payments, taxes, childcare, health care, or care of an elderly or disabled person. However, if your disposable income is more than a certain sum, you will not be able to file.

You'll disclose all aspects of your finances on official bankruptcy forms. Once completed, the average bankruptcy petition, including schedules and other required documents, will be between 35 and 50 pages.

Let's Summarize... The Chapter 7 means test determines whether allowing someone to discharge their debts would be an abuse of the bankruptcy system. If your gross income based on the six months before filing bankruptcy is below the median income for your state, you pass the means test.

The court filing fee for a Chapter 7 bankruptcy in Rhode Island is $338. The court accepts cash (exact amount only), money orders, or cashier's checks. If you're self-represented, you can pay your filing fee online with a debit card or through an electronic bank transfer, but you can't use a debit card in person.

If, however, you fall behind on your plan payment, the trustee can ask the court to dismiss your case. To save your case from dismissal, you'll want to act quickly by objecting to the trustee's motion. (If you'd like background information, you'll find the basics in Chapter 13 Bankruptcy.)