How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Phillips Esq. Your Own Question
Phillips Esq.
Phillips Esq., Attorney-at-Law
Category: Bankruptcy Law
Satisfied Customers: 19127
Experience:  B.A.; M.B.A.; J.D.
Type Your Bankruptcy Law Question Here...
Phillips Esq. is online now
A new question is answered every 9 seconds

My income is under median amount but my income to expense

Customer Question

My income is under median amount but my income to expense ratio is large, unless I can maximize the expenses. Also, I think I have extenuating circumstances, unreliable car to visit elderly father, trying to keep "disposable" income and place it in health saving account. I have Service connected PTSD with resulting health issues I'm trying to address and need my full income.
Submitted: 8 months ago.
Category: Bankruptcy Law
Expert:  Phillips Esq. replied 8 months ago.

Hello: This isCustomer Welcome to JustAnswer! I am reviewing your post, and I will post my response very shortly. Thank you for your patience.

Expert:  Phillips Esq. replied 8 months ago.

You would not be subject to the Means Test Calculation if you are a disabled veteran and your debts were mostly incurred while you were on active duty or while you were performing a homeland defense activity. So, even if your income to expense ratio is high, you can still file for Chapter 7 bankruptcy. See Official Bankruptcy Form B122a-Supp for the exemption.