Are you considering filing for Chapter 7 bankruptcy in Mesa? In order to qualify for Chapter 7, you have to take the means test, a test that determines your household income and ability to pay back creditors. While many people think very few people can qualify for Chapter 7, that is not the case. Most people who need to file for bankruptcy do qualify. The attorneys at Arizona Law Group of Trezza & Associates know how bankruptcy law works in Mesa and can help you pursue your debt relief goals.
Contact us to set up a free consultation with an experienced Mesa Chapter 7 bankruptcy attorney.
Please note: Where you live can determine whether or not you qualify for Chapter 7 bankruptcy. There are standards in the means test that are different based on your county of residence. An experienced Mesa bankruptcy lawyer knows the nuances of bankruptcy law and how it works for people who live in Mesa.
Taking the Chapter 7 Means Test
In 2005, congress enacted changes to the bankruptcy code that include the means test, a test designed to keep debtors from abusing the bankruptcy system and to push more people into filing for Chapter 13 bankruptcy.
In order to qualify for Chapter 7, you need to meet one of two criteria:
- Household income: Your total household income for the past six months must be below the state median income for a household the same size as yours.
- Disposable Income: Any disposable income you have is insufficient to pay creditors a meaningful percentage of the debt owed to them.
If, for whatever reason, you do not qualify for Chapter 7, Chapter 13 bankruptcy may still be a useful option for reducing the burden of unsecured debts such as credit card debts.
"Do I Qualify for Chapter 7 in Mesa?"
If you are concerned about qualifying for Chapter 7 bankruptcy in Mesa, it is important to consult with an experienced bankruptcy lawyer. A single missed detail in the means test could wind up disqualifying you, when you rightly should be able to file. Our Mesa bankruptcy lawyers know how bankruptcy law applies to people in Mesa and can help you with all aspects of the means test and the Chapter 7 process.
Contact a Chapter 7 Mesa Attorney
You will find a great deal of valuable information on this website. However, your situation is unique. When you are ready to discuss your case specifically, do not hesitate to contact us to speak with a Tempe bankruptcy law attorney. We represent clients from Tempe, Mesa, Tucson and throughout the surrounding region.
