We also offer services for individuals that need to file a chapter 13 bankruptcy. A chapter 13 requires you to use your income to repay some or all of your debt. A chapter 13 is used when you current monthly income over the six months prior to your filing date is more than the median income for a household of your size in your state.
Your disposable income, after subtracting certain expenses and monthly payments for debts you would have to repay in Chapter 13, exceeds certain limits set by law. These calculations are commonly referred to as the "means test" -- if you have the means to repay a certain amount of your debt through a Chapter 13 repayment plan, you flunk the test and are ineligible for Chapter 7 bankruptcy.
At Flat Fee Attorneys we will do a free consultation with you and see which bankruptcy is better for you. Give us a call at 702-388-FLAT to meet with one of our bankruptcy attorneys to discuss your options.