How credit card debt affects your bankruptcy means test
Filing for bankruptcy in Maryland requires passing a means test. This test helps the court decide if you qualify for Chapter 7 bankruptcy. It compares your income to the median income in Maryland and examines at your regular expenses. Credit card debt plays a key role in this calculation. Understanding how your credit card debt may affect your eligibility will help you decide if bankruptcy is right for you. What is the bankruptcy means test? The means test has two main parts. The first part