What is the Means Test?

The means test is an evaluation of your income, expenses, and secured debt to see if you qualify for a Chapter 7 bankruptcy. If your income is above the median income in Massachusetts, you may qualify for Chapter 7; however, you must provide detailed information about your financial situation in order to find out if you qualify. If your income is above the median income in Southern California, you may still be eligible for Chapter 7 bankruptcy.

What Are My Alternatives?

If you do not qualify for a Chapter 7 bankruptcy, Hedtke Law Firm can work with you to determine if a Chapter 13 might be a better option. Hedtke Law Firm can work with your creditors to create a repayment plan to submit to the bankruptcy court where you will be able to pay back the debt over time. Contact Hedtke Law Firm and we will assist you in determining which bankruptcy would be best for you.

To schedule a free consultation, please call Hedtke Law Firm today at our Upland office at: 909 579-2233 or Covina office: 626 521 5488 or Moreno Valley office at: 951 746 1722.