The Means Test

As beneficial as it can be for people dealing with overwhelming debt, not everybody will be eligible to file for bankruptcy relief under Chapter 7. Bearing that in mind, people must be able to demonstrate financial need for this form of bankruptcy by completing something called the means test. This test will compare your financial circumstances to those of similarly-sized households in your state; if you earn less than the median for households of your size, you are likely to be eligible.

If you would like to learn more about what you will need to work through the means test, our Fayetteville Chapter 7 bankruptcy attorneys at the Bradford Law Offices, PLLC, can help. We understand just how complex this process can become, and our attorneys are prepared to help you determine your eligibility and to then take the steps necessary to file for Chapter 7 bankruptcy relief.

Working Through the Means Test with an Attorney

Though it is possible to work through the means test by yourself, it may be in your best interests to work with an attorney to determine your eligibility for Chapter 7 bankruptcy. Aside from the information you will need to provide about your annual income, the means test will take each of your expenses into account as well, including, but not limited to, the following:

  • Home mortgage
  • Car payments
  • Taxes payments

That being said, some people who earn more than the median income for households of their size may still be able to pass the means test if they do not have enough disposable income to pay their expenses. Our attorneys can help you make sure that you fill out your means test completely and correctly.

Consult with a Chapter 7 Bankruptcy Attorney

If you are struggling to deal with an overwhelming amount of debt, you should speak to with a Fayetteville Chapter 7 bankruptcy attorney at the Bradford Law Offices, PLLC, about working through the means test to see if you qualify for this form of bankruptcy relief. To speak with a bankruptcy lawyer in Fayetteville about your circumstances, please call our offices at (919) 758-8879 today.