A Dedicated Team Focused on Finding Solutions We're here to help you find and gain financial relief.

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.

Contact Our Valencia Bankruptcy Lawyers for Guidance

Real Stories From Real People

  • “Clearly understood”

    - Benjie B.
  • “Thank you for your help.”

    - Michael C.
  • “Very impressed”

    - Traci B.

Why Choose Us

We Put You & Your Needs First
  • We will treat you, like we treat all our clients, with respect and decency.

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

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

  • We've helped thousands of people and businesses find debt relief.

Contact Us

We're Ready to Help
  • Please enter your first name.
  • Please enter your last name.
  • Please enter your phone number.
    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.