What is the bankruptcy Means Test?

The purpose of the “Means Test” is to help those that are unable to pay their debts seek protection of a Chapter 7 Bankruptcy. The Means Test determines whether or not you are eligible to file for a Chapter 7 Bankruptcy. The Means Test is an analysis of your income to determine whether or not you have the capability to pay to your creditors a portion of your income to repay back debt. If you have disposable income as calculated by the Means Test, you are not eligible for a Chapter 7 Bankruptcy but may be eligible for a Chapter 13 Bankruptcy.

How does the Means Test work?

  1. If your debts are not primarily consumer debts, meaning that 49% or less of your debts are consumer related, then you do not need to take the means test and automatically qualify for a Chapter 7 Bankruptcy.
  2. You first calculate your annual income based upon your six (6) month average prior to filing.
  3. If your income is less than the median income established for the state of Utah based upon the size of your family, then you automatically qualify for a Chapter 7 Bankruptcy.
  4. If your income is more than the median family income established for the state of Utah based upon the size of your family, then you must further explain and/or show all reasonable and necessary expenses to determine whether or not you have “Disposable Income” to repay back all or a portion of your debts. If at the end of the Means Test you have little to no “Disposable Income” then you may qualify for a Chapter 7 Bankruptcy.

Please contact us today, so we can help put a stop to creditor harassment and to help you get debt relief. If you have any questions about how you can get out of debt and regain control of your life, contact us by Phone at (801) 432-8682 or email us.

We serve all of Utah and we want to serve you too!

Please call me today at (801) 432-8682 to discuss your specific situation and how Bankruptcy may be right for you.

bankruptcy lawyer
Bankruptcy Attorney
Ryan E. Simpson
8833 S. Redwood Road, Suite C
West Jordan, Utah 84088
United States
Telephone: (801) 432-8682
Ryan E. Simpson
5.0 stars – based on 3 reviews
Salt Lake City, Utah

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Reviews for Ascent Law LLC Salt Lake City, Utah

Ascent Law LLC Reviews

John Logan

starstarstarstarstar (5)

We've gotten divorce and child custody work from Ascent Law since the beginning because of my ex. We love this divorce firm! Staff is gentle, friendly and skilled. Tanya knows her stuff. Nicole is good and Ryan is fun. Really, all the staff here are careful, kind and flexible. They always answer all my questions, explain what they're doing and provide great legal services. I personally think they are the best for divorce in Utah.

Ascent Law LLC Reviews

Jacqueline Hunting

starstarstarstarstar (5)

I have had an excellent experience with Ascent Law, Michael Reed is an absolutely incredible attorney. He is 100% honest and straight forward through the entire legal process of things, he also has a wonderful approach to helping better understand certain agreements, rights, and legal standing of matters, to where it was easy to know whats going on the entire process. I appreciate the competency, genuine effort put forth, and assistance I received from Ascent and attorney Michael Reed, and I will be calling these guys if ever I have the need again for their legal assistance! 5star review Wonderful attorneys!

Ascent Law LLC Reviews

Anthony Ziegler

starstarstarstarstar (5)

This review is well deserved for Ryan and Josh. New clients should know they are worth the 5 star rating we give them. We needed 2 sessions from them because of the complexity of the matter, but they are both very passionate about his helping others in need.  My sister needed bankruptcy and I needed divorce.  Sometimes they go hand in hand but a large shout out to this team - also Nicole is one of the sweetest people you ever did meet - she offered me warm cookies!

Ascent Law LLC Reviews

Thomas Parkin

starstarstarstarstar (5)

Mike Anderson and his colleagues & staff are knowledgeable, attentive and caring. In a difficult and complex case that eventually went to trial, Mike was the voice of reason and the confidence I needed. His courtroom abilities are amazing and I felt his defense of me was incredible. His quick thinking and expertise allowed for a positive result when I felt the World was crumbling. His compassion, after the case, has helped me return to a good life. I trust Mike and his staff. They are friendly and very good at what they do.

Ascent Law LLC Reviews

Yeran Merry

starstarstarstarstar (5)

I worked with Attorney Alex and Paralegal Ami in my divorce case. I got to know the team very well over the course of two years. I cannot think of a better team to have worked with. Ami and Alex are not only exceptional law professions who are very knowledgeable and thorough, they are also the best human beings who empathize with the emotions I was experiencing. Alex was conscious of my budget and worked efficiently to try to reduce unnecessary legal expenses. My case also involved some dealings with a foreign country that Alex and his team had previously dealt with.  They did an amazing job addressing cultural barriers in a very respectful manner and did not fall short in quality of work or in standards when dealing with some of these new challenges. Ami deserves a medal for being extremely professional, calming, and compassionate when it is needed most.  When you need family law attorneys, call this firm. I now feel I can move forward with grace and dignity.

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