The Bankruptcy Means Test for those filing under Chapter 7 bankruptcy applies to individuals or families that have a gross income lower than the state median income. These income levels are set in a specific chart following the Arizona Census Median Income. The chart displays the median income ranges as it applies to any specific number of individuals during either a weekly or annual time period. For example, one earner has a median annual income of $41,253 and a median weekly income of $793.
Although the Bankruptcy Means Test is complex, Martin J. Berkley guides clients with ease through the bankruptcy legal process and requirements. He will complete the second part of the analysis for an accurate determination of the “Means” test result for his clients. If the Means Test concludes that a client may not file for Chapter7 bankruptcy, he will then provide the client with alternative options to ultimately resolve a client’s specific issue. Martin J. Berkley takes matters into his own hands by personally calculating income, applying the “Means” and providing a precise analysis.
About Berkley Law Office
The Berkley Law Office is located in Tempe, Phoenix and Valleywide and provides instant debt relief with Chapter 7 and Chapter 13 bankruptcy. Martin J. Berkley, the founder of Berkley Law Office, helps clients determine if they qualify for Chapter 7 bankruptcy and helps them avoid home foreclosure, auto repossession and wage garnishment. The Berkley Law Office offers free consultations and a flexible schedule providing evening and weekend appointments. For more information please visit: http://www.mjberkleylaw.com