Serving Lancaster, California and the surrounding counties

Understanding Chapter 7

Most people who file for Chapter 7 bankruptcy will be able to keep some of their assets, such as a personal residence or motor vehicle. The Chapter 7 liquidation applies only to nonexempt assets. The proceeds from that liquidation then go toward the payment of your overdue bills. At The Law Offices of Jesus Zuniga, our knowledge of the bankruptcy exemptions will help you keep many of your assets while eliminating your debt.

Our Office Will Move Quickly To Regain Your Peace Of Mind

We are able to start your case with a small deposit. Then, we will move quickly to stop all harassment. It is possible that the court will discharge your eligible debts within a few months. We’ll also help you understand which of your debts are ineligible because they are classified as “nondischargeable debts.”

The Chapter 7 Bankruptcy Means Test

The Chapter 7 means test itself is a two-step process. You start with a median income comparison, which compares your monthly income to the median income of a family that is the same size as yours in your state. If your monthly income is at or below the median income, you qualify for Chapter 7 bankruptcy. If your income is higher than the median income, you might still qualify under the second step of the Chapter 7 bankruptcy means test, which involves calculating disposable income and unsecured debts.

Contact us at 661-522-0092 or send us an email. We’ll explain your right to protection under law and further discuss why Chapter 7 bankruptcy may be the right option for you.

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