Hawaii Chapter 7 Means Test Exemption Attachment

• Category: Hawaii Federal - Bankruptcy - Chapter 7
• State: Hawaii
• Control #: HI-SKU-0050
• Format: PDF

Description

Chapter 7 Means Test Exemption Attachment The Hawaii Chapter 7 Means Test Exemption Attachment is a form used to determine if a debtor qualifies for relief under Chapter 7 of the Bankruptcy Code. It is also known as the Form 22B-2 and is used in conjunction with the Form 22B-1. The attachment requires the debtor to provide information regarding their income, assets, liabilities, and other financial information. The purpose of this form is to determine whether the debtor’s income is too high to qualify for a Chapter 7 bankruptcy. The attachment has two parts: Part A and Part B. Part A requires the debtor to provide information about their income, including wages, salaries, self-employment income, pension and retirement income, Social Security benefits, and other sources of income. In Part B, the debtor must provide information about their assets, including real estate, vehicles, bank accounts, stocks, bonds, and other investments. The information provided on this form is used to calculate the debtor’s total monthly income and total current monthly expenses. If the total monthly income is greater than the total current monthly expenses, the debtor may still be able to qualify for a Chapter 7 bankruptcy. However, if the total monthly income is less than the total current monthly expenses, the debtor may be exempt from any further means testing.

The Hawaii Chapter 7 Means Test Exemption Attachment is a form used to determine if a debtor qualifies for relief under Chapter 7 of the Bankruptcy Code. It is also known as the Form 22B-2 and is used in conjunction with the Form 22B-1. The attachment requires the debtor to provide information regarding their income, assets, liabilities, and other financial information. The purpose of this form is to determine whether the debtor’s income is too high to qualify for a Chapter 7 bankruptcy. The attachment has two parts: Part A and Part B. Part A requires the debtor to provide information about their income, including wages, salaries, self-employment income, pension and retirement income, Social Security benefits, and other sources of income. In Part B, the debtor must provide information about their assets, including real estate, vehicles, bank accounts, stocks, bonds, and other investments. The information provided on this form is used to calculate the debtor’s total monthly income and total current monthly expenses. If the total monthly income is greater than the total current monthly expenses, the debtor may still be able to qualify for a Chapter 7 bankruptcy. However, if the total monthly income is less than the total current monthly expenses, the debtor may be exempt from any further means testing.