The Georgia Bankruptcy Means Test
The Georgia bankruptcy means test is one of the primary criteria used to determine whether a person is eligible to file for bankruptcy under Chapter 7. The means test is essentially a comparison of your income level against other Georgia wage earners. People who are not eligible to file under Chapter 7 can still seek protection under Chapter 13.
The dedicated bankruptcy attorneys at the law firm of Claeys, McElroy-Magruder & Kitchens represent clients throughout the greater Augusta area in all aspects of consumer bankruptcy. We understand how difficult it can be to experience financial hardship and to have to take a “test” to see if you qualify for relief. We walk you through the entire process and see your case through to its conclusion.
Understanding How The Means Test Works
If your income level is higher than the average of other Georgia wage earners, you will need to take a means test. It starts with your monthly income and provides for deductions of all allowable expenses according to the bankruptcy code. A detailed formula then analyzes your income figures to determine your eligibility for Chapter 7 bankruptcy.
The process involved with the means test is very detailed. We understand all the deductions that are available and how to maximize them in an effort to give you the best chance of eligibility. If the test results show that you are not eligible for Chapter 7, we may be able to help you seek adjustments to the income figure if we can show special circumstances that impact your income or deductions.
Experienced Chapter 7 Bankruptcy Lawyers With Offices In Augusta, Dublin And Statesboro
Contact us today for a free bankruptcy means test consultation with a lawyer. We have offices in Augusta, Dublin and Statesboro as well as a mobile office to serve you. We are available during regular business hours and by appointment evenings and weekends.
Call One Of Our Three Convenient Georgia Offices
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.