2020 Best Invention

What Is the Bankruptcy Means Test in Nebraska?

2 minute read Upsolve is a nonprofit tool that helps you file bankruptcy for free. Think TurboTax for bankruptcy. Get free education, customer support, and community. Featured in Forbes 4x and funded by institutions like Harvard University so we'll never ask you for a credit card. Explore our free tool

Written by the Upsolve Team
Updated October 1, 2020

Cornhuskers are hardworking people. Unfortunately, hard work doesn’t always mean financial security. Too often, responsible, dedicated people fall on hard times through no fault of their own. When your debts and expenses become unmanageable, it may be time to explore the benefits of filing a Nebraska bankruptcy. The two primary forms of bankruptcy for individuals areChapter 13 bankruptcy andChapter 7 bankruptcy. The Chapter 13 bankruptcy process reorganizes debt to make monthly payments manageable, while the Chapter 7 processerases most debts outright. As Chapter 7 eliminates debt, the government tries to make sure that only low-income households are eligible for its benefits. Otherwise, high income households could escape debts they are capable of paying. The Court imposesincome limits as part of the Chapter 7 bankruptcy process. To qualify, households must pass a Chapter 7 Means Test. The more people who live in your household, the higher the maximum amount you can make without getting disqualified from filing for Chapter 7 bankruptcy.

Nebraska Median Income Levels

Nebraska Median Income Standards for Means Test for Cases Filed In 2023
Household SizeMonthly IncomeAnnual Income

Discharge in Bankruptcy for Nebraska

The most significant benefit of filing for Chapter 7 bankruptcy is earning a Nebraska bankruptcy discharge. “Bankruptcy discharge” is the term used to describe the elimination of eligible debts. In addition to this benefit, lower-income filers are generally allowed to keep most or all of their property. Higher-income filers may be required to sell certain assets, but most Chapter 7 Nebraska bankruptcy filers are able to keep most or all of their personal possessions because they are protected by exemptions. This process therefore truly helps to place Cornhuskers back on the road to financial wellbeing. Erasing debt while maintaining ownership of your property can allow you to successfully rebound from hitting financial rock bottom.

Upsolve User Experiences

2,291+ Members Online
★★★★★ 1 day ago
Absolutely beautiful website, program, service, people. Upsolve team and all affiliates, thank you from the bottom of my heart for offering this service! This made filing far less stressful and answered every question I had without requiring an attorney.
Read more Google reviews ⇾
Laniece Davis
Laniece Davis
★★★★★ 3 days ago
Thank you for all your help and support this is a wonderful provram
Read more Google reviews ⇾
bob btaddini
Bob Btaddini
★★★★★ 4 days ago
great service all the way.
Read more Google reviews ⇾

Nebraska Means Test Calculator

To determine whether you are eligible to file for Chapter 7 bankruptcy, you can consult a Nebraska Means Test calculator. Not all online Means Test calculators are up-to-date, however. You need to consult a current calculator to benefit from its results. Upsolve maintains a currentNebraska Means Test calculator that you can trust. Upsolve is a nonprofit that provides legal aid to families like yours. If your Chapter 7 Means Test results disqualify you from filing for Chapter 7 bankruptcy specifically, don’t lose hope. Any state that can boast the invention of Kool-Aid is home to creative thinkers. Even if you fail the Means Test, you may still have other debt relief options available to you, you may simply need to look outside the box. Anexperienced attorney may be able to help you figure out if you missed any important deductions and provide some legal guidance.

What Happens if I Fail the Means Test for Nebraska?

The Nebraska Tourism Commission made headlines when it adopted the slogan: “Nebraska: Honestly, It’s Not for Everyone.” The Commission was not trying to deter tourists, only to explain that Nebraska has an appeal for “enlightened truth-seekers” specifically. Like Nebraska itself, Chapter 7 bankruptcy is not for everyone. Your Chapter 7 Means Test results will give you a strong indicator if this debt management tool is a good fit for you. If you fail the Means Test, don’t panic, and remember that the main reason for failing the bankruptcy means test in Nebraska is making too much money. All this means is that an alternative debt relief option, like aChapter 13 bankruptcy, may be a better fit for your situation.Nebraska bankruptcy law can be complex, so if you have questions, don't hesitate to speak up. If you are not able to file for bankruptcy on your own because your situation is complex, anexperienced attorney can help you to find a solution that meets your needs. Speaking with an attorney will help to make sure that your questions are answered so that you can make informed decisions about your debt management needs. 

Written By:

The Upsolve Team

Upsolve is fortunate to have a remarkable team of bankruptcy attorneys, as well as finance and consumer rights professionals, as contributing writers to help us keep our content up to date, informative, and helpful to everyone.

It's easy to get help

Choose one of the options below to get assistance with your bankruptcy:

Free Web App

Take our screener to see if Upsolve is right for you.

Take Screener
10,646 families have filed with Upsolve! ☆

Private Attorney

Get a free bankruptcy evaluation from an independent law firm.

Find Attorney

Upsolve is a 501(c)(3) nonprofit that started in 2016. Our mission is to help low-income families who cannot afford lawyers file bankruptcy for free, using an online web app. Spun out of Harvard Law School, our team includes lawyers, engineers, and judges. We have world-class funders that include the U.S. government, former Google CEO Eric Schmidt, and leading foundations. It's one of the greatest civil rights injustices of our time that low-income families can’t access their basic rights when they can’t afford to pay for help. Combining direct services and advocacy, we’re fighting this injustice.

To learn more, read why we started Upsolve in 2016, our reviews from past users, and our press coverage from places like the New York Times and Wall Street Journal.