Florida Bankruptcy Means Test: Will You Pass?

Understanding the Florida Bankruptcy Means Test (Chapter 7 Filings)

In order to file for a Chapter 7 bankruptcy in Florida, you first need to pass what is known as the Means Test. The purpose of the Means Test is to “ensure” that only individuals who really cannot pay their debts file Chapter 7 bankruptcy.

Depending on your income level and other factors, you might not qualify for Chapter 7. If your income is too high to file a Chapter 7 bankruptcy, there are other options, including debt settlement, debt negotiation and Chapter 13 reorganization bankruptcy.

A skilled and experienced Orlando bankruptcy attorney at the Kramer Law Firm can analyze your situation and help you navigate the process.

Speak with an experienced Florida attorney at our firm today.
Call 855-Kramer-Now (855-572-6376)

How the Florida Bankruptcy Means Test Works

The Means Test compares your income with the income of other households of the same size in your region of Florida. If your income does not exceed the median income then you should be eligible to file a Chapter 7 bankruptcy.

What If You Earn More Income Than the Median Income of Your Central Florida Area?

Even if your income is too high and you fail the means test, you may still be able to file a Chapter 7 bankruptcy with the help of a skilled bankruptcy attorney.

Timing Is Critical

An experienced bankruptcy lawyer can help you calculate options and take advantage of the nuances of the law. For instance, the Florida bankruptcy Means Test looks at your income over the last six months, starting from the first of every month. So you might not be eligible to file a Chapter 7 bankruptcy today, but you could file next month. Our team can also figure out how to factor in certain deductions and expenses that will effectively bring you within the guidelines of the Means Test.

Given the complexity of the bankruptcy code, you will likely appreciate having our attorneys translate the law into layman’s language. Our legal team will make sure you fully understand the process and how it integrates with other aspects of your financial situation.

Speak with an experienced Florida attorney at our firm today.
Call 855-Kramer-Now (855-572-6376)

Connecting with a Central Florida Bankruptcy Means Test Lawyer

Passing the Means Test might be your first step towards getting out of debt, stopping creditors from bothering you, and achieving financial independence. It is important to work with an attorney who understands the ins and outs of the Means Test. Working with an inexperienced lawyer or law firm can place you at a disadvantage when considering bankruptcy.

Some firms even assign non-lawyers, paralegals or case workers to deal with complicated bankruptcy issues. At the Kramer Law Firm, you will always work closely with an attorney who is dedicated to your case and available for consultation and advice to you.

The attorneys at the Kramer Law Firm have helped thousands of central Floridians deal with their debts. The Florida bankruptcy Means Test is one of many issues we will examine as we work with you. We will customize the process to reflect your goals, needs and reality and help you determine the smartest options.

Contact us for a bankruptcy Means Test evaluation to determine whether Chapter 7 may be an option for you. Do not wait: call 855-Kramer-Now (855-572-6376) to reduce your uncertainty and regain peace of mind.

Altamonte Springs Office
999 Douglas Avenue
Suite 3333
Altamonte Springs, FL 32714
Downtown Orlando Office
37 N. Orange Avenue
Suite 500b
Orlando, FL 32801
CALL (407) 834-4847