Means Test in Chico & Butte County

In order to discover whether Chapter 7 or Chapter 13 bankruptcy is a workable solution for you, and whether you qualify, a means test will be performed to help determine how much, if any, disposable income you bring in monthly. This creates a clear picture of your ability to make payments toward your debts or not. If you or someone you care about is dealing with uncontrollable debt, you can find the answers you need and highly skilled assistance in debt relief solutions like bankruptcy or other alternatives to bankruptcy by speaking with a Butte County bankruptcy attorney about your situation.

Do I qualify for Chapter 7 or Chapter 13?

The means test will be used to sort out your income, living costs and debts. Your disposable income is figured out by deducting any expenses (like rent, utilities, etc.), that won't be included in the bankruptcy, from your monthly income. If there is little disposable income, and your monthly compensation is under the state's median, it is likely you may meet the requirements for filing Chapter 7. For those who make "too much" or that have enough disposable income to commit to a monthly payment plan, Chapter 13 can be an alternative solution, as it is a reorganization and repayment type of bankruptcy.

At The Law Office of Nikki Farris, our competent legal team has been representing clients in bankruptcy and debt relief solutions for several years. We are a family fun firm that is committed to helping you make sound choices about how to effectively tackle the issues you are dealing with and can provide you with proficient representation in your case. Our lawyers are passionate about helping clients make a brighter future and we are standing by, ready to assist you in meeting your financial goals.

Contact a Chico bankruptcy lawyer at our firm now for answers to questions about the means test and proficient representation in bankruptcy or alternative debt relief solutions.