Valencia Bankruptcy Attorney

Do you qualify for bankruptcy? Take the means test!

In order to determine if bankruptcy can help you through an overwhelming financial situation, an attorney from the RJB Law Offices can help you take the means test. The means test is a quick qualification process that helps a debtor determine which chapter of bankruptcy they can legally qualify for, and essentially which will be the most beneficial for their situation. The means test is conducted as follows:

If a debtor falls below the median income for the state of California, they will be considered unable to pay back their debt in a reasonable amount of time and therefore qualify for Chapter 7 bankruptcy.

If a debtor makes more than the median income for the state of California, they will not be eligible to file for Chapter 7 bankruptcy. This debtor will have other options, including Chapter 13 bankruptcy.

By quickly assessing your situation, you may determine whether Chapter 7 or Chapter 13 bankruptcy would be better for you in your current financial situation. However, before you file your bankruptcy petition, talk to a Santa Clarita bankruptcy lawyer to understand the legal ramifications and obligations of bankruptcy, and if an alternative would be a more viable option for you.

Other Alternatives to Bankruptcy in Santa Clarita, CA

When a person finds that they may file for bankruptcy according to the means test, they may either proceed with the legal process or seek an alternative. Often times, when a person realizes that they do not qualify for Chapter 7 bankruptcy, or the quick and effective method of bankruptcy, they steer away from Chapter 13 and look towards options such as debt negotiation, debt settlement or a loan modification. Each person's financial situation will differ and will require a different approach, so do not forget to talk to your bankruptcy lawyer before coming to a final decision.

Contact a Santa Clarita bankruptcy attorney at our office today.

Santa Clarita Bankruptcy Attorney

Office Location:

RJB Law Offices Inc.
Santa Clarita Bankruptcy Attorney
25000 Avenue Stanford,
Suite 262,

Valencia, CA 91355
Local Phone: 661.481.0658
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Call for a free consultation


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The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute, an attorney-client relationship.