Bankruptcy Means Test

To file for Chapter 7 bankruptcy, you must be able to demonstrate that your household income is beneath the median household income in your state. Even if your income is above the median, however, you may still qualify if you have sufficient deductions.

In certain cases, Chapter 7 bankruptcy may be possible if the remainder of disposable income is insufficient to repay a portion of the unsecured debt. Because of the complexity of these formulas, partnering with a skilled bankruptcy attorney is important in reaching a best possible outcome.

New Jersey Bankruptcy Means Test

For more than 35 years, our team has been helping people work toward solutions that relieve them from otherwise crippling debt. We are ready to work directly with you to understand your unique financial situation. If you are eligible for Chapter 7 bankruptcy and it is in your best interest, we can pursue that course of action. If Chapter 13 bankruptcy or other debt relief methods are more beneficial for your long-term financial well-being, we can help you pursue those as well. We are committed to your success and encourage you to get in touch as soon as possible.

To schedule a free initial consultation with our Monmouth County bankruptcy lawyer, call William H. Oliver, Jr. & Associates local 732-988-1500 or fill out our contact form.