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This version of the form is not currently in use and is provided for reference only. Download this version of
Official Form 122A-2
for the current year.
Official Form 122A-2 Chapter 7 Means Test Calculation
What Is Official Form 122A-2?
This is a legal form that was released by the United States Bankruptcy Court on April 1, 2016 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 122A-2?
A: Form 122A-2 is an official form used for the Chapter 7 Means Test calculation in bankruptcy proceedings.
Q: What is the Chapter 7 Means Test?
A: The Chapter 7 Means Test is a calculation used to determine if an individual or household is eligible to file for Chapter 7 bankruptcy.
Q: Who needs to complete Form 122A-2?
A: Individuals or households who are considering filing for Chapter 7 bankruptcy need to complete Form 122A-2.
Q: What information is required for Form 122A-2?
A: Form 122A-2 requires information about the individual or household's income, expenses, and certain deductions.
Q: What is the purpose of Form 122A-2?
A: The purpose of Form 122A-2 is to determine if an individual or household has enough disposable income to repay their debts in a Chapter 13 bankruptcy plan.
Q: How is the Chapter 7 Means Test calculated?
A: The Chapter 7 Means Test calculates the individual or household's average monthly income over the past six months and compares it to the median income for their state.
Q: What happens if the individual or household fails the Chapter 7 Means Test?
A: If an individual or household fails the Chapter 7 Means Test, they may still be eligible to file for Chapter 7 bankruptcy if they can show special circumstances or if their disposable income is below a certain threshold.
Q: Do I need legal assistance to complete Form 122A-2?
A: While it is not required to have legal assistance to complete Form 122A-2, consulting with a bankruptcy attorney can provide valuable guidance and ensure accuracy in the calculation.
Form Details:
- Released on April 1, 2016;
- The latest available edition released by the United States Bankruptcy Court;
- Easy to use and ready to print;
- Yours to fill out and keep for your records;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Official Form 122A-2 by clicking the link below or browse more documents and templates provided by the United States Bankruptcy Court.
Download Official Form 122A-2 Chapter 7 Means Test Calculation
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