Do You Qualify For Chapter 7 Bankruptcy?

If you have overwhelming debt, you may be interested in discharging your debts with Chapter 7 bankruptcy and establishing a fresh financial start. However, you must meet certain criteria to qualify for Chapter 7 bankruptcy. Eligibility is determined through an analysis of your financial position known as the means test. If you fail to meet the requirements for Chapter 7, the Law Office of Kenneth Gallant can still help you file for bankruptcy under Chapter 13.

Are you ready to eliminate your debt? Call a thorough debt relief attorney at 585-232-7560 to secure the experienced assistance you require. For your convenience, I offer free consultations at three offices in the Rochester area.

Understanding The Means Test

The means test compares your average monthly income against the average income of a New York family. This takes into account all financial inputs, including wages, workers' compensation benefits, child support, spousal support and interest. If your average monthly income is below or equal to the average income, you may qualify for Chapter 7 bankruptcy. If your income falls above our state's average, you may be required to file for bankruptcy under Chapter 13's repayment plan.

Taking Special Circumstances Into Account

If your income falls above the monthly average, I may still be able to help you file for Chapter 7. To file, we would need to prove that your family faces special circumstances that would make it difficult for you to adhere to Chapter 13's repayment plan. This could include loss of employment, a medical condition or status as a disabled veteran. I will carefully evaluate your circumstances to identify opportunities to establish Chapter 7 eligibility.

Call A Knowledgeable Lawyer To Address Your Debt

If you are tired of overwhelming debt, harassing creditor calls and threats of repossession, call my office at 585-232-7560 to discuss your debt relief options. You may also contact my offices online. I have 40 years of experience developing personalized debt solutions for families in the Rochester area and can provide the qualified legal representation you need.

My firm is a debt relief agency. I help people file for bankruptcy relief under the Bankruptcy Code.