Bankruptcy Means Test Arizona
On this page you will find Bankruptcy Means Test Arizona information related to filing Chapter 7 Bankruptcy..
If you are not looking for information regarding filing Chapter 7 Bankruptcy in Arizona, please use the links on the left to find information for your state.
The new bankruptcy laws enacted in 2005 also require that debtors pass a means test before filing a Chapter 7 bankruptcy. There are two ways to pass the means test:
1. the debtor's annual income (calculated using the average gross income for the six month period prior to filing) must be below the state median. Census Bureau statistics for state median income by family size can be found here (for cases filed on or after November 1, 2011).
As of this writing, census statistics show the following information for Arizona:
| Number in Household | Median Income |
| 1 person | $42,603 |
| 2 people | $55,404 |
| 3 people | $59,659 |
| 4 people | $67,113 |
| 5 or more | Add $7,500 for each individual exceeding 4 |
2. If income exceeds the median income, individuals may still file Chapter 7 bankruptcy based on results of Form 22A: Chapter 7 Statement of Current Monthly Income and Means-Test Calculation. .
For more information regarding a bankruptcy means test, please contact an Arizona Bankruptcy Lawyer.
