Information About the Chapter 7 Means Test
Before filing for Chapter 7 bankruptcy, you must complete a mandatory means test , which compares your average income with the average income of the state in which you reside. For Texas State residents, completing this test should be done with the help of a Dallas bankruptcy lawyer at Engel Law Firm.
When considering the means test, it’s important to include gifts, income from a business owned, and income made by a non-filing spouse. Once this is complete, you will know if you qualify for Chapter 7 bankruptcy.
At Engel Law Firm, we provide legal services for all types of bankruptcy with the goal of helping clients get out of debt and back on the right financial track. Our Chapter 7 bankruptcy attorneys in Dallas will work with you to achieve your goals, and keep your possessions.
Contact Engel Law Firm if you are considering filing for Chapter 7 bankruptcy in Dallas and require information regarding completion of your means test.