Canton Chapter 7 Bankruptcy Lawyer
For most individuals and families in Ohio who are struggling with debt, filing Chapter 7 bankruptcy is the most desirable way to achieve debt relief. However, due to changes to the bankruptcy code in 2005, income requirements may leave Chapter 13 as your own option.
At the law office of Vance P. Truman, Attorney at Law, we work with consumers to find the right course of action. We will guide you through the means testing process, and make sure you understand all of the options available to you as you seek the fresh start you deserve.
Do not let confusion over the bankruptcy process or means testing prevent you from seeking help. For a free consultation with an experienced bankruptcy lawyer, call 330-441-4673 or toll free at 866-478-8097.
Bankruptcy Means Testing
The sole purpose of the means test is to determine what type of bankruptcy you qualify for. Your disposable monthly income and other factors will be calculated, and if you have too much income, you will not qualify for a Chapter 7. For example, a four-person household with income above $72,000 will have to file for Chapter 13.
For some clients, assuming those who are seeking to keep a home threatened by foreclosure, Chapter 13 may be your best option, even if you qualify for Chapter 7. We will make sure you understand all your options and have the facts you need to make an informed decision about your case.
To learn more, contact us today for a free consultation with an Akron means test attorney.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
