Means Test

Forms 122A-1 / 122A-2 — Chapter 7 eligibility determination
BELOW MEDIAN
Presumption of abuse does not arise. Qualifies for Chapter 7.
$3,615.38
Current Monthly Income
$43,384.56
Annualized Income
$145,466.00
State Median (HH 5)
-$102,081.44
Below Median
Configuration
Auto-Linked Income (from Paychecks & Employment)
Woodward Inc. (debtor_1): $4999.99/mo
Crusader Community Health (debtor_1): $2833.33/mo
Total: $7833.32/mo
Debtor 1 Debtor 1 Edit
EmployerMonthly
Woodward Inc. $5,000.76
Crusader Community Health $2,833.76
Gross Employment Income$7,834.53
Debtor 2 Debtor 2 Edit
EmployerMonthly
No employment
Other Income Sources Edit in Employment
SourceMonthly Amount
No other income sources
$3,615.38
Current Monthly Income
$43,384.56
Annualized (CMI x 12)
$145,466.00
IL Median (HH 5)
Auto-Linked Deductions (from Paychecks & Creditors)
Taxes: $1714.49 Health Ins: $762.67 Life Ins: $32.50 Retirement: $335.00 Total: $2844.66
Debt Payments: Secured $1945.00/mo
Below median — full deduction calculation not required
Debtor qualifies for Chapter 7 based on income alone
Means Test Configuration
Dependents listed: 3 | Filing jointly (2 debtors)
Data Sources Used
SourceStatusDetails
Employment 2 record(s) View
Other Income None View
Expenses (Schedule J) Complete View
Creditors (debt payments) 11 creditor(s) View
Dependents 3 dependent(s) View

Full Means Test Calculation

Step 1: Current Monthly Income (Form 122A-1)
Gross wages from employment$7,834.53
Other income$0.00
Current Monthly Income (CMI)$3,615.38
Annualized (CMI x 12)$43,384.56
Step 2: Median Comparison
StateIL
Household size5
State median income$145,466.00
Result BELOW MEDIAN — Qualifies
CMI $3,615.38
Annual $43,384.56
Median $145,466.00
Result PASS