Written by Craig D. Robins, Esq.

I just prepared a bankruptcy petition for a Long Island bankruptcy client today and I didn’t have to do the means test. The reason? A relatively new law that recently went into effect which excludes some disabled veterans from the means test requirement.

In order to qualify for this exemption from the bankruptcy means test requirement, you must be a disabled veteran and your debts must have been incurred primarily during active duty or homeland defense.

Keep in mind that you must still comply with all of the other bankruptcy requirements such as showing that you do not have sufficient income to make payment to your creditors.

Moved Permanently

The document has moved here.

Related posts:

1. The Means Test is Often the Key to a Successful Chapter 7 Bankruptcy Case Written by Craig D. Robins, Esq.   Since the bankruptcy...
2. How a Tax Refund Can Mess Up Your Bankruptcy Means Test     Written by Craig D. Robins, Esq.   This...
3. Options If You Fail the Bankruptcy Means Test Written by Craig D. Robins, Esq.   Most clients who we...
4. New York Bankruptcy Means Test Figures Change November 1, 2011   by Craig D. Robins, Esq.    New Bankruptcy...
5. This Debtor Didn’t Have to Do the Bankruptcy Means Test Written by Craig D. Robins, Esq.   When debts are...