Bankruptcy Attorney in the Bronx
Skilled & Dedicated Attorney

Bankruptcy Means Test

When you are dealing with financial hardship, it is important that you work with an attorney from the Law Offices of David Brodman. Our firm has 20 years of experience providing outstanding representation to clients throughout the Bronx area and surrounding neighborhoods, and we may be able to help you as well. Working with the Bronx bankruptcy lawyer from our firm can provide you with the peace of mind you deserve and the tools you need to get back on your feet.

We treat each client as family and we can help you determine whether filing for Chapter 7 or Chapter 13 bankruptcy can benefit your financial situation. We encourage you to contact our firm to discuss your specific situation in detail. We can assess your circumstances to create a plan of action to suit your needs.

Under the United States Bankruptcy Code, there are a few different chapters of bankruptcy that are offered to consumers. Two of the most common bankruptcy options are Chapters 7 and 13. While any person, property owner, or business in the United States may be eligible to file for bankruptcy, only a select group of individuals can file under Chapter 7. In order to be eligible for this chapter, you will need to prove that your income is significantly lower than the cost of your debts. To prove this, you will be required to take a bankruptcy means test.

How the Means Test Works

Chapter 7 bankruptcy is sometimes referred to as liquidation bankruptcy. Under this chapter, individuals who cannot afford to even make minimal payments toward their debts are granted debt relief. Prior to filing, individuals will have to prove that their income is significantly less than their debts by completing the means test.

The test uses a mathematical equation to deduct monthly expenses from your monthly income or your average income over a six-month period. The amount that is left is known as disposable income, and if your disposable income is less than the amount of debts you have each month, you may be eligible to file for Chapter 7 bankruptcy. If you do not "pass" the means test, you can still reap the benefits of bankruptcy by filing under Chapter 13.

Contact the Law Offices of David Brodman to get started!

If you are interested in filing for bankruptcy, it is important that you work with our firm's attorney. Attempting to navigate the federal bankruptcy system without the help of a professional can be difficult and risky because the laws governing bankruptcy are often hard to understand. If you are struggling to make ends meet and you are interested in taking a bankruptcy means test to determine your eligibility for Chapter 7 bankruptcy, contact the Law Offices of David Brodman today!

Schedule a no-obligation consultation by completing our free case evaluation form online.

Hear from Our Former Clients

  • “In little over 3 months my discharge of debt was completed.”

    C.W.
  • “He works quick, so the process didn't take as long as I expected.”

    J.P.R.
  • “I urge you to not only seek his counsel but recommend him to everybody you know because he is truly and honestly the very best.”

    L.W.
  • “Brodman the best in the bankruptcy business.”

    R.H.
  • “David Brodman is very kind, professional, and very attentive to all of my needs during this matter.”

    D.A.
  • “He helped me get my life back on track”

    J.G.
  • “He works for you 100%.”

    U.F.
  • “I’m now happy and stress free, thanks to Mr. David Brodman”

    A.P.
  • “Went over everything in detail, showed up to court once and that was it.”

    A.S.J.
  • “If you need help, a fresh start, he is your man.”

    D.

Contact Us Today

All Consultations Are Free & Confidential
  • Please enter your name.
  • This isn't a valid phone number.
  • Please enter your email address.
    This isn't a valid email address.
  • Please make a selection.
  • Please enter a message.