Bankruptcy Law

How does the new "means test" affect my chances of filing a bankruptcy petition under New York Bankruptcy Law’s Chapter 7? (NY)

If one is unable to pass the means test under the new bankruptcy laws, there is a presumption that the filer makes too much money to file a liquidation bankruptcy. It is advisable to meet with an attorney to determine the viability of success for a rebuttal of a presumption of financial solvency in court.

(Courtesy of Association of the Bar of the City of New York)

Close This Window