For many residents of Cincinnati, personal bankruptcy offers them an opportunity to resolve their financial challenges by eliminating debt through a Chapter 7 bankruptcy. The Bankruptcy Protection Act of 2005 introduced a qualification standard to be eligible for Chapter 7 debt relief.
The means test compares your average monthly income with the median family income in Ohio. Your income must be equal to or below the median amount. If it is not, you still have the opportunity to qualify by completing the second stage of the means test in which your monthly expenses are deducted from your income. The disposable income that remains must not leave you anything with which to eliminate debt.