california bankruptcy means test

CA Bankruptcy ch.13 basic question?

I try, can provide information about what my payment would be to gather for a 13, someone tell me Me only if this is correct. Basically what you do not pass the means test by (say 1000) then that is your payment each month for 5 years? (We are a family of three in California and well above the average income)

Basically, no, that's not correct. This is how internet rumors start on Ch 13 bankruptcy. The required monthly payment in Ch 13 has to consider many different factors. The alleged "results" of the means test Only one of these factors. What's more, the means test itself so complicated that one small study showed that more than half of licensed bankruptcy attorneys conduct the means test for a hypothetical family of 4, not all deductions that the debtors were entitled to take. And if you are not in your debt primarily "consumer" debt (for example, if you are self employed and the majority of your debt is business debt) can They are not subject to means test to everyone. And needless to say, especially the more complex situation, the more likely it is that "general Rules of thumb "will reflect exactly how your specific case will actually play. Please, please, please, please try not to ask," these out for yourself. " No matter how smart or how well you read, you are most likely done something wrong. If you are a high-income debtors, then you are automatically a complex (not simple) Case. Make an appointment with the most experienced bankruptcy attorney you can find in your area (be careful of "bankruptcy mills" to avoid – ie places employing only a lawyer and an extremely large staff and file very high levels of bankruptcies, of which, most of the lawyers spend just a minute or two checked … if at all). What you need is an experienced bankruptcy attorney's undivided attention to your special event that you properly apply each single aspect of the Bankruptcy Code, which you are entitled to use. In fact – did you know that there is even a court ruling that the "means test forms" wrong been? The "means test forms" are only forms – they are not the law itself. You need a bankruptcy lawyer with the law itself is enough (and not only "The forms") know how best to use it experienced in your favor. Please note that it is illegal to offer for a paralegal legal advice File a bankruptcy in your name, or imagine the 341 meeting (or any other bankruptcy matter). Paralegals help lawyers licensed. Those with independent Methods have to practice law, have been prosecuted without the bar has been approved. NOT "use" independent paralegal, type in do something other than information you give them by where they are told that it (the only thing they can do legally) use.

What is a “Means Test” in Bankruptcy? – Bankruptcy Lawyers Riverside