The Ballard Law Group The Ballard Law Group
Taking the Shame Out of Starting Over - Contact Us Today!
Available 24/7 Book Now

Means Test

Serving Lawrenceville & Atlanta, GA

Lawrenceville Bankruptcy Guidance: Navigate the Means Test

Comprehensive Bankruptcy Support in Gwinnett and Hall Counties

If you are considering filing for bankruptcy, you may be worried about passing the means test. This is a very common concern, especially for people with middle-class incomes, and it is one that our attorneys at The Ballard Law Group understand well.

We have helped countless clients pass the means test and successfully file for bankruptcy. With more than 20 years of experience, we are trusted by clients in Lawrenceville, Lawrence County, and throughout Gwinnett County.

We provide personalized representation for each of our clients and a free initial consultation. If you have questions about the means test or would like to discuss your options, do not hesitate to contact us today.

Call (404) 800-9939 or send us an online form to request a consultation to learn more about the means test.

Understanding the Georgia Means Test for Bankruptcy Eligibility

The Georgia Means Test is used to determine if you are eligible for Chapter 7 bankruptcy. If you pass the test, you will not have to repay any of your debts. If you fail the test, you may be eligible for Chapter 13 bankruptcy instead.

The Means Test is based on your income and expenses from the six months before you filed for bankruptcy. It uses the median income for a household of the same size as your own and compares it to your actual income. If your income is less than the median, you automatically pass the Means Test.

The Means Test requires you to calculate your monthly expenses and compare them to the median. If your expenses are less than the median, you automatically pass the Means Test. If they are higher, you must pay off a portion of your debts before you can file for bankruptcy.

Expert Means Test Assistance in Lawrenceville

The Ballard Law Group has helped countless clients pass the Means Test. We have helped clients in Lawrenceville, Duluth, and all surrounding areas.

We provide the following Means Test services:

  • Comprehensive case evaluation
  • Dedicated representation
  • Help with all bankruptcy forms
  • Guidance through the Georgia Means Test

Get in Touch with Our Trusted Lawrenceville Bankruptcy Attorneys

If you are considering filing for bankruptcy, you may be worried about passing the Means Test. Our Lawrenceville means test lawyers can help you determine if you are eligible for Chapter 7 or Chapter 13 bankruptcy.

If you fail the Means Test, you may still be able to file for Chapter 13 bankruptcy. This type of bankruptcy reorganizes your debts and requires you to make monthly payments for a period of three to five years.

If you pass the Means Test, you may be able to file for Chapter 7 bankruptcy. This type of bankruptcy completely erases most of your debts. However, you must be able to pass the Means Test to qualify.

The Ballard Law Group can help you determine if you are eligible for Chapter 7 or Chapter 13 bankruptcy. We can also help you determine if you need to improve your finances before you file for bankruptcy.

If you have questions about the Means Test or would like to discuss your options, do not hesitate to contact us today. 

Call (404) 800-9939 or send us a online form to request a free consultation.

Lawrenceville Bankruptcy Solutions Lawyer

Contact The Ballard Law Group

End Financial Stress & Threats

You don’t have to live with the stress of bills and legal threats. Let an experienced bankruptcy attorney help you get a fresh start with a customized debt resolution. 

Call The Ballard Law Group at (404) 800-9939  or contact us online to schedule your free, initial consultation and find out how our firm can help you today. 

Lawrenceville Chapter 7 Bankruptcy FAQs

Frequently Asked Questions about Chapter 7 Bankruptcy

Considering Chapter 7 Bankruptcy can lead to many questions and uncertainties. At The Ballard Law Group, we strive to provide clarity during this crucial time. Below are some of the most common questions our clients ask, along with concise answers to help you navigate your bankruptcy journey:

What debts can Chapter 7 bankruptcy help eliminate?

Chapter 7 bankruptcy can eliminate most unsecured debts, such as credit card balances, medical bills, and personal loans. However, certain debts like student loans, tax obligations, and child support typically cannot be discharged.

How long does the Chapter 7 process take?

The Chapter 7 bankruptcy process usually takes about three to six months from filing to discharge. However, each case is unique, and various factors can affect the timeline.

Will I lose my property if I file Chapter 7?

Not necessarily. In many cases, individuals can keep their essential assets through state exemptions. Our experienced attorneys will evaluate your situation to help protect what’s important to you.

Will filing for bankruptcy affect my employment?

In most cases, employers do not have access to your bankruptcy records. It typically does not affect your job status or prospects going forward. However, certain positions requiring security clearance may have specific guidelines regarding bankruptcy.

How can The Ballard Law Group assist me with Chapter 7 bankruptcy?

Our dedicated team will guide you through every step of the Chapter 7 process. From your initial consultation to securing your discharge, we’re here to provide personalized support and represent your interests in the best possible manner. Your peace of mind is our top priority.

If you have more questions or are ready to discuss your options, don't hesitate to reach out to us. We're here to help you regain control of your financial future!

Eligibility Criteria for Chapter 7 Bankruptcy in Georgia

To be eligible for Chapter 7 bankruptcy, you must pass the means test, which involves comparing your income to the median income in your state. You must also complete credit counseling and provide a list of your assets and debts.

Timeline for Completing Chapter 7 Bankruptcy

The entire Chapter 7 bankruptcy process typically takes three to six months from the date of filing to the discharge of debt. However, each case is unique and the timeline can vary depending on the complexity of the case and the court's schedule.

Non-Dischargeable Debts in Chapter 7 Proceedings

Certain debts, such as student loans, taxes, and child support payments, are not dischargeable in Chapter 7 bankruptcy. However, our attorneys can help you explore other options for managing these types of debts.

Protecting Your Assets During Chapter 7 Bankruptcy

No, you will not necessarily lose all of your property if you file for Chapter 7 bankruptcy. There are exemptions available that allow you to keep certain types of property, such as your primary residence, vehicle, and personal belongings.

Filing for Chapter 7 Bankruptcy Multiple Times

Yes, you can file for Chapter 7 bankruptcy more than once, but certain time limits apply. If you received a discharge in a previous Chapter 7 case, you must wait eight years before filing another Chapter 7 case. If you received a discharge in a previous Chapter 13 case, you must wait six years before filing a Chapter 7 case.

What are the benefits of filing Chapter 7 bankruptcy in Lawrenceville?

Filing for Chapter 7 bankruptcy in Lawrenceville can offer several benefits, including the discharge of unsecured debts such as credit card debt, medical bills, and personal loans. It provides immediate relief from creditors, halting foreclosure, wage garnishment, and harassment. This process can help individuals regain financial control and start rebuilding their wealth without the burden of overwhelming debt.

Can I keep my property after filing for Chapter 7 bankruptcy in Georgia?

Yes, in many cases, you can keep your property after filing for Chapter 7 bankruptcy in Georgia. There are state-specific exemptions that may protect your home, vehicle, and personal belongings. It's crucial to consult with a knowledgeable bankruptcy attorney to understand which of your assets may be exempt and to navigate the process effectively.

Bankruptcy FAQ

How does bankruptcy work?

When someone files for bankruptcy, they must disclose all their assets, liabilities, income, and expenses. Depending on the type of bankruptcy, a trustee may be appointed to oversee the process. The debtor's assets may be liquidated to repay creditors or a repayment plan may be created. Once the bankruptcy is complete, the debtor is discharged from their remaining debts.

What are the different types of bankruptcy?

There are different types of bankruptcy, including Chapter 7 and Chapter 13. Chapter 7 bankruptcy involves the liquidation of assets to repay creditors, while Chapter 13 bankruptcy involves creating a repayment plan to repay a portion of the debts over a specified period of time.

Will bankruptcy ruin my credit?

Bankruptcy will have a negative impact on your credit score, but it is not permanent. With proper financial management and responsible credit behavior, you can rebuild your credit over time.

Can I keep any of my assets if I file for bankruptcy?

The answer depends on the type of bankruptcy you file. In Chapter 7 bankruptcy, some assets may be exempt from liquidation, such as your primary residence, necessary personal property, and retirement accounts. In Chapter 13 bankruptcy, you can keep your assets while repaying your debts through a repayment plan.

Can I file for bankruptcy without an attorney?

While it is possible to file for bankruptcy without an attorney, it is highly recommended to seek the assistance of an experienced bankruptcy attorney. They can guide you through the complex legal process, ensure your rights are protected, and help you achieve the best possible outcome.

  • 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.
  • By submitting, you agree to be contacted about your request & other information using automated technology. Message frequency varies. Msg & data rates may apply. Text STOP to cancel. Acceptable Use Policy