Chatham County Georgia bankruptcy law firm describes the rule of Disposable Income
Savannah GA bankruptcy

If your present monthly earning is less than the median income for a household of your size in for Georgia, you qualify. You are through. You do not need to complete the rest of the means test. You can file for Chapter 7.

For those whose household income exceeds the state median, the means test computations get much more complicated. You must determine whether you have sufficient income left over after paying your allowed monthly expenses, to repay at least a portion of your unsecured debts such as credit card bills. If your disposable income adds up to more than a certain amount, you fail the means test and are ineligible to Chapter 7 bankruptcy.

Median income levels vary by state and household size, and each county and metropolitan region has different allowed amounts for types of expenses: basic necessities, housing, and transportation.

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