Means Test

It is important to realize that in the last few decades, bankruptcy laws have changed significantly. With the passage of laws in 2005, people were concerned the bankruptcy process might be more difficult.

Bankruptcy, however, is one of the most viable (and arguably effective) methods of getting out of burdensome financial problems. The biggest change to these laws in 2005 was that of the means test. Put simply, one must demonstrate that he or she has a household income below the median household income in his or her state of residence, generally speaking. One may still qualify depending on deductions.

Depending on the situation, the calculations can get nuanced and complex. As such, partnering with the right bankruptcy lawyer is of immense importance.

If you or your loved ones are working through these and related issues in Sandusky, Ohio, our legal team is here for you.

We at The Law Offices of Shelly L. Kennedy, Ltd., focus solely on bankruptcy and family law issues. We are prepared to put our 25-plus years of experience to help you leverage Chapter 7 to get a clean financial slate on your financial life. You owe it to yourself to take decisive action and to get into a place of renewed financial stability — get in touch with our team today.

To reach out and schedule an initial consultation to discuss any Chapter 7-related issue with our bankruptcy attorney, call 419-967-6039 or email the firm.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.