If You Don’t Qualify For Chapter 7

Helping People Qualify For Chapter 7

In 2005, the United States Congress passed a law requiring people filing for bankruptcy to take a financial “means” test to determine whether they should be allowed to discharge their debts through Chapter 7 bankruptcy. The means test is a calculation that determines your income-debt-ratio. If you make too much money relative to the debt you owe your creditors, the law no longer allows you to file Chapter 7. If you are disqualified, you will still qualify to consolidate your debts under Chapter 13 bankruptcy, supervised by a bankruptcy court trustee.

Our Lawyers Offer Multiple Debt Relief Options

At Edwin M. Shorty Jr. & Associates, in New Orleans, Louisiana, we have worked with thousands of individuals and families since opening our bankruptcy practice in 2003. There are many myths about bankruptcy and the means test is among the most misunderstood issues. The truth is, most of our clients qualify for Chapter 7 without any difficulty. Another truth is that Chapter 7 may not always be the best option for them and we explain why.

We Understand How The Means Test Calculations Work

Do not try to run the calculations on your own. By plugging in simple numbers, many people discover they don’t qualify for Chapter 7, until they speak to an experienced lawyer. How financial numbers such as income and debt are interpreted and fed into the means test calculation can make a difference in whether you qualify.

Our attorneys use decades of combined experience to find the make sure you have the legal advantage that you are entitled to. If you don’t qualify for Chapter 7, you can rest assured that you will have an experienced, effective advocate helping you through the Chapter 13 process.

Contact Us For A Free Initial Consultation

Call our offices in New Orleans at 504-207-1370 or use the email contact form to explain your circumstances. We will call to schedule a time to meet with one of our attorneys as soon as possible.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

Share This