Have you become overwhelmed with bills and have no way to repay your debt? Filing for bankruptcy is not a simple process and requires a great deal of time and energy, including paperwork and a means test. The government wants to ensure that people do not take advantage of the Chapter 7 process, so they have put a mandatory means test in place. At Enderton & Mathews, LLC, we offer reliable support and representation for any bankruptcy hearings.
Having to go through the means test in order to have your debts discharged and start fresh is an unnecessarily stressful hurdle. Our Salt Lake City bankruptcy lawyers can discuss your options, ensure you understand what to expect, and help you with this test.
The means test has many different steps, but it is highly likely that you will only have to complete the first step to qualify for Chapter 7. During the first step, you will compare the median income for your household's size in Utah to your current income. While this may seem very simple, the calculation can be quite complex.
You will need to present all of your financial information so that our Salt Lake City bankruptcy attorneys have the full scope of your situation to assist you properly. As long as your current income is not more than the median income for your household's size in Utah, you will be able to file for Chapter 7 bankruptcy.
We are here to answer your questions and guide you in the right direction. Set up a free consultation by calling our office at (801) 701-8644.