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  • Form B22a

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Form B22A Alt. Chapter 7 10/05 Check the box as directed in Parts I III and VI of this statement. In re Presumption arises Debtor s Presumption does not arise Case Number If known STATEMENT OF CURRENT MONTHLY INCOME AND MEANS TEST CALCULATION FOR USE IN CHAPTER 7 IF IRS SEPARATES ITS HOUSING ALLOWANCE In addition to Schedules I and J this statement must be completed by every individual Chapter 7 debtor whether or not filing jointly whose debts ar.

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How to fill out the Form B22a online

Filling out the Form B22a is an essential step for individuals seeking relief under Chapter 7 bankruptcy. This guide will provide a clear and user-friendly approach to completing the form online, focusing on each section and field to ensure accurate submission.

Follow the steps to complete the Form B22a online

  1. Press the ‘Get Form’ button to access the Form B22a and open it in your preferred online viewer.
  2. Begin by reviewing Part I, where you will check the appropriate boxes regarding your status as a disabled veteran, if applicable. Be mindful to indicate whether the presumption arises based on your input.
  3. In Part II, state your marital or filing status and fill in the corresponding income information for yourself and your spouse, ensuring to include average monthly income from various sources.
  4. Continue to Part III to calculate the annualized current monthly income. Here, you will compare your income against the median family income for your state, checking the relevant box based on the comparison.
  5. In Part IV, detail your current monthly income and make any necessary adjustments based on your marital status.
  6. Next, move to Part V to specify the deductions allowed under IRS standards, providing detailed figures on living expenses, local standards, and any additional necessary costs.
  7. Proceed to Part VI to assess the presumption under § 707(b)(2) by entering the disposable income calculations and determining if the presumption arises.
  8. In Part VII, list any additional expense claims that were not previously detailed in the form that may qualify for deductions.
  9. Complete Part VIII by verifying that all provided information is true and accurate, then sign where indicated by you and any joint debtor.
  10. Once you have filled in all relevant sections, take a moment to review your entries, and then save your changes. You may download, print, or share the completed form as needed.

Begin completing the Form B22a online today to ensure a smooth bankruptcy process.

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The Chapter 7 Means Test in New Jersey, takes your household income and averages it over the last six months. It then compares your average household income to the median income of a similar-sized household in New Jersey.

It takes into account your income, expenses and family size to determine whether you have enough disposable income to repay your debts. Although it was designed to restrict the number of debtors who can get their debts forgiven through a Chapter 7 bankruptcy, most people who take the means test pass it easily.

The means test assesses all cash income that you expect to get in the forthcoming year. In practice, this is usually assessed by calculating the income you actually received in the previous year.

The means test is calculated by comparing the debtor's average income for the past six months (current monthly income), annualized, to the median income for households of the same size in the debtor's state of residence.

The Means Test This test uses a complex formula that takes the gross income for the 6 month period above, and then subtracts out only certain allowed IRS-budgeted expenses items, and ongoing secured debt obligations.

A means test determines if a person or household is eligible to receive some sort of benefit or payment. Means-tested benefits include many government assistance and state and federal welfare programs that measure a family's income against the federal poverty line.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232