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 throughout Pomona, Walnut, Diamond Bar, San Dimas, La Verne, Montclair, and Phillips Ranch., 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 Group can work with you to determine if a Chapter 13 might be a better option. Hedtke Law Group 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 Group today Pomona office: 909 736 3111 Serving clients in Pomona, Walnut, Diamond Bar, San Dimas, La Verne, Montclair, and Phillips Ranch.