PolicyEngine / PolicyEngine/policyengine-us
Chapter 7 bankruptcy means test
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Description
Must have gross income below the state median, and also net income after various deductions (which vary by geography) below a fraction of the outstanding debt.
https://www.law.cornell.edu/uscode/text/11/707
https://www.cacb.uscourts.gov/sites/cacb/files/documents/forms/122A2.pdf
https://www.uscourts.gov/sites/default/files/instructions-individuals-2015.pdf
Based on various local standards including https://www.irs.gov/businesses/small-businesses-self-employed/local-standards-transportation
UpSolve has a calculator we can benchmark against: https://upsolve.org/learn/chapter-7-means-test-calculator/
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