Means Test

Forms 122A-1 / 122A-2 — Chapter 7 eligibility determination
BELOW MEDIAN
Presumption of abuse does not arise. Qualifies for Chapter 7.
$6,833.34
Current Monthly Income
$82,000.08
Annualized Income
$110,712.00
State Median (HH 3)
-$28,711.92
Below Median
Configuration
Auto-Linked Income (from Paychecks & Employment)
Collins Aerospace (RTX Corporation) (debtor_1): $6833.34/mo
Total: $6833.34/mo
Employment Income Edit in Employment
EmployerOccupationPay PeriodGross/PeriodMonthly
Collins Aerospace (RTX Corporation) CNC Machinist Semi-Monthly $3,416.67 $6,833.34
Total Employment Income $6,833.34
Other Income Sources Edit in Employment
SourceMonthly Amount
No other income sources
$6,833.34
Current Monthly Income
$82,000.08
Annualized (CMI x 12)
$110,712.00
IL Median (HH 3)
Auto-Linked Deductions (from Paychecks & Creditors)
Taxes: $1778.56 Involuntary: $110.00 Health Ins: $759.00 Life Ins: $37.50 Retirement: $410.00 Total: $3095.06
Debt Payments: Secured $1875.00/mo | Priority $250.00/mo
Below median — full deduction calculation not required
Debtor qualifies for Chapter 7 based on income alone
Means Test Configuration
Dependents listed: 1
Data Sources Used
SourceStatusDetails
Employment 1 record(s) View
Other Income None View
Expenses (Schedule J) Complete View
Creditors (debt payments) 9 creditor(s) View
Dependents 1 dependent(s) View

Full Means Test Calculation

Step 1: Current Monthly Income (Form 122A-1)
Gross wages from employment$6,833.34
Other income$0.00
Current Monthly Income (CMI)$6,833.34
Annualized (CMI x 12)$82,000.08
Step 2: Median Comparison
StateIL
Household size3
State median income$110,712.00
Result BELOW MEDIAN — Qualifies
CMI $6,833.34
Annual $82,000.08
Median $110,712.00
Result PASS