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If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.

A Notice of Bankruptcy is sent to creditors after one of their debtors files a petition with the court attempting to claim bankruptcy. After receiving the notice, the creditor must take certain steps to protect their interest in the money they are owed.

To be eligible to file for bankruptcy under Chapter 7, you must satisfy the Means Test. The easiest way to qualify for Chapter 7 is to have an income below the state median. Even debtors whose household income is above the state median may qualify for Chapter 7 by going through the more thorough, full Means Test.

If you would like to file a Chapter 7 bankruptcy you must pass the California means test. The test only applies to higher income filers which means that if your income is below the California median for your household size you are exempt from the test and may file a Chapter 7.

Examples of nonexempt assets that can be subject to liquidation: Additional home or residential property that is not your primary residence. Investments that are not part of your retirement accounts. An expensive vehicle(s) not covered by bankruptcy exemptions.

File Your Forms With the Wisconsin Bankruptcy Court If you're filing your bankruptcy petition pro se, you'll need to get the physical papers to the courthouse. Only lawyers can file online.

The Bankruptcy Noticing Center (BNC) manages the agreements between the courts and the creditors for the creditors to receive their notices electronically. The sign-up process consists of: An online registration which collects name, address and electronic destination information.

Filing Fees1 - Effective 12/01/20 New PetitionsChapter 7 Case ($245 filing fee, $78 administrative fee, $15 trustee surcharge)$338.00Chapter 13 Case ($235 filing fee, $78 administrative fee)$313.00Chapter 11 ($1167 filing fee, $571 administrative fee)$1738.00Chapter 12 ($200 filing fee, $78 administrative fee)$278.0063 more rows

A Notice of Bankruptcy informs you that you or your company may be owed money by a company that just filed bankruptcy (a debtor).