The three main areas that must be examined in depth at a consultation are: Income, Asset Base, Type of Debts.
The means test has defined formulas for income eligibility and expense allowances based on the median income in New Jersey. This calculation prevents some people from filing a Chapter 7 case to discharge all debt and the Chapter 13 repayment Plan must be evaluated.
Lower-income and individuals with a smaller asset base will generally be eligible for Chapter 7 to eliminate all the debt. Once you start increasing the income, the asset base, and obligations – your case may be non-dischargeable.