MARYLAND AND VIRGINIA BANKRUPTCY LAWYERS

If you're over your head in debt and you're looking for a way out, come to the experienced bankruptcy lawyers of SRIS, P.C. We handle bankruptcy matters in Virginia and Maryland, with Virginia offices in Fairfax, Virginia Beach, Richmond, Manassas and Lynchburg, and Maryland offices in Rockville and Annapolis.

Contact us today for your initial consultation. You can complete our online intake form or call us at 888-437-7747. If we aren't able to answer you immediately - we will get back to you very quickly. We do our very best to reply to all of our phone calls within eight hours or less.

Do You Qualify for Chapter 7 Bankruptcy?

With the recent changes to the bankruptcy code, you may be limited in your ability to file Chapter 7 bankruptcy. To determine whether you are eligible to file under Chapter 7, also known as straight bankruptcy, you must consider two elements.

First, your current monthly income must be less than or equal to the medium income in your state. This means that it may be more favorable for you to be in one state over another - but the new bankruptcy laws also established residency requirements, so you can't relocate just to be in a state where you would meet the income requirement.

Second, even if you meet the income requirements, you have to qualify for Chapter 7 bankruptcy under the means test. The means test is intended to determine whether you have enough income to make payments under a Chapter 13 reorganization bankruptcy - and therefore whether you will be required to restructure your debts rather than having these debts forgiven.

Determining whether you can qualify under the means test can be a complicated process, involving multiple factors. To determine whether you can qualify under this test, it is helpful to discuss your individual circumstances with an experienced bankruptcy attorney.

Contact Us Today

Come to our law offices today; our skilled Chapter 7 bankruptcy lawyers will help you determine the best option for your personal situation. Contact us by calling 888-437-7747 or completing our online intake form.

For more information about bankruptcy generally, please see our Bankruptcy FAQ.

We Are a Designated Debt Relief Agency under Federal Law. We Provide Legal
Assistance to Consumers Seeking Relief Under the Bankruptcy Code.