The Means Test for Chapter 7 Bankruptcy

Making sure that you can recover from bankruptcy is essential to getting back on your feet. In filing for Chapter 7 bankruptcy, it is important that you meet the requirements for Chapter 7 before you file. By analyzing your financial situation, it is determined whether you should instead be filing for chapter 13.

The New Orleans bankruptcy attorneys of the Law Offices of the Law Office of David D. Kervin, Jr., LLC would like to help you with your bankruptcy case. As experienced bankruptcy and debt negotiation attorneys, we can help you budget your money to help successfully emerge from bankruptcy. Taking a means test will be the first step toward your filing. Contact us today at 504-599-5906 for more information.

The Determination Process

There are many factors that must be considered when assessing whether or not you will be eligible for Chapter 7 bankruptcy. The steps to determining your means will include:

Comparison to similar families
Amount of unsecured debts
Amount of disposable income

Bankruptcy attorneys are available to aid those filing for Chapter 7 with this process. The help of an experienced attorney can increase your chances of coming out of bankruptcy on two feet.

Bankruptcy laws can be complicated, and they are frequently changed by lawmakers. Given the state of our economy, it may be even more difficult to get approved. Having a bankruptcy lawyer on your side will help ensure that your bankruptcy filing goes as smoothly as possible.

Contact Us

The New Orleans bankruptcy attorneys of the Law Offices of the Law Office of David D. Kervin, Jr., LLC, can help ensure that you are filing for the correct type of bankruptcy for your individual circumstances. Contact us today at 504-599-5906 for a free consultation.