New Jersey Bankruptcy Means Test Lawyers
A federally mandated means test is a fundamental first step in preparation for filing bankruptcy. A means test will determine whether a debtor qualifies for a Chapter 7 or a Chapter 13 bankruptcy. A debtor’s means test results, or value of his or her assets, will determine whether he or she can file a Chapter 7 bankruptcy (resulting in discharge of most or all consumer debt) or Chapter 13 bankruptcy (resulting in reorganization and partial or full repayment of debt over three to five years).
The Outcome of Your Means Test Can Determine Your Qualification For Chapter 7 Bankruptcy
For most debtors, the stakes are high when taking a means test. At Goldman & Beslow, we consider this a most crucial phase in the path toward bankruptcy. Our attorneys personally conduct the means test. Paralegals in our office do not conduct the means test. Schedule a free one-half-hour consultation in our New Jersey bankruptcy law firm to discuss how to arrange for one of our experienced lawyers to advise you through all aspects of your bankruptcy.
The Means Test Should Not Be A Do-It-Yourself Undertaking
Taking a means test in preparation for bankruptcy is not always a cut-and-dried process. Debtors who do not have our attorneys’ level of knowledge and experience are not likely to know how to properly complete a means test. What is a business asset and what is an investment? The way you answer questions such as this may have very significant consequences in determining whether or not you qualify for a Chapter 7 bankruptcy.
Our New Jersey Bankruptcy Means Test Attorneys Can Advise You
From our law offices in East Orange, Paterson, Jersey City and Newark, our lawyers help clients prepare for successful bankruptcy filings. The means test at the beginning of the process is the first — and a very key — step. In our office, only attorneys conduct the means test. Paralegals do not! Call our experienced Essex County, New Jersey, bankruptcy lawyers today for a free one-half hour consultation at 973-414-8069. Our lawyers serve Essex, Union, Hudson, Passaic, Bergen, Morris, Middlesex, Sussex and other New Jersey counties.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.