Do I Qualify for Chapter 7 or Chapter 13?

Often, Chapter 7 bankruptcy is a viable debt relief strategy, but before filing Chapter 7, it is important to consult with an experienced attorney to make sure you are eligible. At Acosta Law, we stay current on the ever-changing bankruptcy laws, as well as the means test. The means test is a statutory formula that determines if you qualify for Chapter 7 bankruptcy. The means test requires an analysis of your current monthly income and/or disposable monthly income in relation to Texas' median income.

Our lawyers can help you determine if your income is too high, or if you have too much disposable income. In these situations, we can guide you through a repayment plan under Chapter 13.

If you are over the median income for a household of your size in Texas, you may still qualify for Chapter 7, but you must complete a longer form of the means test. This lengthier version is based on several additional qualifying factors, such as your future income estimates.

Contact Our Houston Bankruptcy Attorneys for Assistance

While it may seem straightforward, determining if you qualify for Chapter 7 bankruptcy can be challenging. At Acosta Law, we can assist you throughout the process. Call 713-980-9014 or contact us online to arrange a free consultation with a Houston bankruptcy attorney.