Fresno Means Test Lawyers
Helping Clients Throughout the Central Valley
If you are struggling with overwhelming debt, you may be considering filing for bankruptcy. While many people are afraid of the negative stigma associated with bankruptcy, it may be the best option to help you get your life back on track.
What Is the Means Test?
The Chapter 7 means test is a financial assessment used in bankruptcy cases to evaluate whether an individual or household is eligible for Chapter 7 bankruptcy. It was enacted as part of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act.
How the Means Test Works
This test determines whether you have enough disposable income to pay back your debts under Chapter 13 bankruptcy by looking at your income, expenses, and financial status. You normally qualify for Chapter 7 if your income is less than the median income for your state and household size. Based on a more thorough analysis of your income, expenses, and debt responsibilities, you might still be eligible even if your income is higher than the median.
Get the Help You Need to Get a Fresh Start
If you are considering filing for bankruptcy, it's important to have a skilled means test attorney on your side. At Fear Waddell, P.C., we have the experience and resources necessary to help you pass the Means Test and get the fresh start you deserve.
Call (559) 418-3022 or contact us online to schedule a free initial consultation with a Fresno means test attorney.
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