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Do I qualify for a bankruptcy under the New Bankruptcy Law?

  • The Bankruptcy Reform Act of 2005 changed many things about bankruptcy, but the main change was the adoption of the median income test to determine whether a person qualifies for a Chapter 7 or is required to file a Chapter 13.
  • Chapter 7 simply eliminates all of your debts such as credit cards, loans, pay day loans, old landlords, medical bills, old car loans, and basically any other debt except most taxes, student loans, child support, property settlements from a divorce, and restitution. Chapter 13 is a three to five year repayment plan that is much more complicated and expensive.
  • If your family income is less than the median income for your family size in the state where you live, you qualify for Chapter 7. If you are over the median income, you can still qualify for Chapter 7 in many cases if you have certain extraordinary and necessary expenses such as child support, larger mortgages, or tax debts.

Why Wait! Call us today or send us your information using the form to the right.

916 442 6400
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icon Testimonials

I used Ted to file my chapter 7 bankruptcy, when I explained to him that my paycheck was about to be garnished, he acted promptly to help me stop the garnishment. All I can say is that I' am glad I used Ted Greene as my bankruptcy attorney.

- David N
"Great Job Guys"

Everyone at the Law Offices of Ted A. Greene was friendly and supportive. After I met with the attorney and paralegal, I felt comfortable. They explained the basics of filing a chapter 7 bankruptcy and what to expect during the entire process. I was able to erase my credit card bills, medical bills, and stop a collection lawsuit. Now I have a fresh start! Thanks!

-Michael W.

More Information

Garnishments
Deb Settelment