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Means Test Calculations

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    #1

    Means Test Calculations

    I have come across a web site that will allow you to download free trial of bankrutpcy software. In it, you can utilize the means testing program. Not being an attorney and what, it is a little complicated, but I think you can get in the ball park.

    Home
    http://www.bestcase.com/
    Best Case is the most complete bankruptcy software, helping bankruptcy attorneys manage cases from preparation through post-petition filing.


    Note, the software is for attorneys. But the demo is free. If you have dls line or cable line, it doesn't take long to download and install. Give it a shot, it helped me.
    Chapter 13 Filed 4/03/06 :blink: 341 Meeting Complete 5/11/06 :yes2:
    Plan Confirmation 6/16/06 :yahoo:
    Discharged: 1/5/2010 :yahoo::yahoo::yahoo::yahoo:
    Tags: None
    #2
    I went to that site and messed around with that demo, Aa.

    No wonder that one attny muttered under his breath that the Trustee's Admin Fee would eat up our $115/month disposable income.

    I adjusted the values for the vehicles and the property to reflect our particular situation. One car payment, no house payment. Added in the medicals, insurance, and taxes, etc.

    When it got to the end, that program calculated our Admin Fee at nearly $400/month.

    That was kinda unbelievable to me so I'm gonna try running it again. Will be interesting to see how it comes out.
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

    Comment

      #3
      Some of you may like this one better.

      http://www.flmb.uscourts.gov/calculator.htm

      Since it's from the Northern District of Florida Bankruptcy Court website.



      Have a nice day!
      Filed Ch 7: 02Jun06.......Credit after BK:
      341: 28Jun06...............11Sep06 - Orchard Bank $300
      Discharged: 29Aug06.....15Sep06 - Hooters MC $1000
      Closed: 29Aug06...........18Sep06 - Cap One $300

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