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California Bankruptcy Qualifications

Information Regarding Bankruptcy Eligibility - California Bankruptcy Means Test

A few years ago, major changes were made to the bankruptcy laws. These changes have resulted in a great deal of confusion surrounding the bankruptcy process. Because determining which type of bankruptcy you qualify for has gotten more difficult, it can be helpful to discuss your situation with an experienced attorney.

The Los Angeles bankruptcy lawyers RHM LAW LLP have extensive bankruptcy experience. Our firm has helped thousands of individuals and small businesses find the debt relief they deserve through bankruptcy protection.

During a 30-minute risk-free consultation, we can evaluate your financial circumstances and let you know which type of bankruptcy you qualify for. Call (213) 344-0043 to learn more.

Chapter 7 Bankruptcy

There is a threshold that Congress created about how creditors will be paid in bankruptcy. RHM LAW LLP knows how to weed through the means test process so you can complete a Chapter 7 bankruptcy without any issues.

Chapter 7 bankruptcy is for filers who truly cannot afford to pay their debts. To qualify, a debtor must pass the means test, which is an analysis of income, expenses, and total amount of debt. If a debtor has enough disposable income to pay back even a portion of the total debt, that person will need to file for Chapter 13 bankruptcy.

While the means test may sound simple, it involves a complex formula and detailed knowledge about your state’s median income levels. If you are wondering whether you qualify for this type of debt relief, speak with our bankruptcy attorneys.

Chapter 13 Bankruptcy

Chapter 13 bankruptcy allows you to cure a default and keep real and personal property. To qualify for Chapter 13 bankruptcy, the debt reorganization plan, an individual must have a source of income and be able to maintain repayment obligations. Further, the debtor’s total unsecured debt and secured debt must fall below a certain dollar amount, which is adjusted periodically for inflation. Also, the debtor must submit proof that he or she filed federal and state income tax returns for the four years prior to filing bankruptcy.

Los Angeles Bankruptcy Attorneys · Se habla español

Determining eligibility for bankruptcy is a sophisticated and complicated process. To ensure you are on the right track, speak with our firm about your circumstances. Our lawyers will look at your situation from all sides and advise you whether bankruptcy is the best route for you. If so, we will take your total debt, income, and ability to repay into consideration to identify the bankruptcy plan you qualify for.

We proudly serve clients in San Fernando Valley and throughout Los Angeles, Riverside, San Bernardino, and Orange Counties. Contact us today to get started.


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Committed to making the process as stress-free as possible for our clients, our Los Angeles bankruptcy attorneys and dedicated staff will handle everything for you. From filling out paperwork through getting end results, we will work to help your case run smoothly and efficiently. We serve our clients in English, Spanish and Farsi.