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Means Test in Valencia

Do you qualify for bankruptcy? Take the means test!

In order to determine if bankruptcy can help you through an overwhelming financial situation, a debt settlement 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 debt settlement 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 lawyer before coming to a final decision.

Why Work With RJB Law Offices?

We Put Your and Your Needs First.
  • We've helped thousands of people and businesses find debt relief.

  • We are known for honest, knowledgeable, and client-focused service.

  • We are a multi-lingual firm with attorneys fluent in English and Tagalog.

  • We will treat you, like we treat all our clients, with respect and decency.

Highly Recommended by Our Clients

See How We've Helped Clients Just Like You Overcome Their Debt Issues
  • “My heartfelt thanks and gratitude for all the help you gave me.”

    Past Client
  • “The harassing phone calls from collectors have stopped and my life is finally moving forward.”

    Past Client
  • “You were all very caring, professional and understanding through it all.”

    Past Client
  • “Thank you so much for accommodating us and your sound advice.”

    Past Client
  • “We can breathe easier now. We wish to thank you and all the members of your office.”

    Past Clients
  • “The experience, honesty and integrity of your law firm have helped me and many others get that chance to build a better financial future.”

    Past Client
  • “We consider you to be heaven-sent during the time of our financial burden.”

    Past Client
  • “Thank you for helping us in time of need. Now we can start a new life. ”

    Past Client
  • “Thank you for everything. You will always be included in our prayers.”

    Past Client
  • “Your help has made me emotionally and financially stable. Now I have the chance to move forward.”

    Past Client
  • “I would like to take a moment to say that I am truly grateful for your professional and personal assistance in this matter.”

    Past Client

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