Anaheim Bankruptcy Attorney
Anaheim is a beautiful city that has approximately 349,964 residents. It is a wonderful place to live, work and enjoy outdoor recreation. Many families and single people struggle to cover the high cost of living in Anaheim. Gas and housing costs have increasingly made it difficult to survive without incurring debt from personal loans, credit cards or pay day loans.
If you have found yourself in the difficult decision of whether to pay your debt or cover the cost of food or housing, then bankruptcy may be able to help you. Many times we avoid looking at our finances or coming to terms with what is going on with our debt because we feel shame. We may want to avoid it or deny it in the hopes that it will somehow go away. When we stop denying what is going on with our financial situation we can find solutions that can guide us to a better way of living. Regardless of the difficult financial situation you are facing, you are an important and valuable individual that deserves to have freedom from debt. Taking the first steps toward achieving this can be the first step toward obtaining the peace of mind from the worry and stress that creditor calls, lawsuits and credit card bills bring. It is time to start your journey toward financial peace of mind.
Southern California Law Advocates is a bankruptcy law firm dedicated to helping people struggling with debt. We have helped hundreds of families gain the serenity and peace they needed to start rebuilding their financial future. We want to see you grow and are here to support you by giving you the tools and knowledge you need to eliminate your past financial struggles. Start living in the present with no debt that is holding you down.
What Type of Bankruptcy Do You Qualify For?
There are two main types of consumer bankruptcy cases: Chapter 7 and Chapter 13 bankruptcy. One of the main factors that determines what type of bankruptcy you qualify for is your income. The last 6 months of all income you have received is used to determine whether you qualify to file for Chapter 7 bankruptcy or whether you have disposable income and need to file a Chapter 13 bankruptcy. The test that is used to determine in part your qualification for Chapter 7 or Chapter 13 bankruptcy is called the means test. The means test looks at the last 6 months of income and doubles it to come up with your annual income. If you are below the median family income for your household size then you meet the means test and can potentially file for Chapter 7 bankruptcy. The means test uses the Census Bureau Median Family Income By Family Size as the standard for determining whether you are below or above the Median family income. You can file the table for California by going to: Median Income Table
If you are above the median family income then you will have to take deductions on some expenses to determine if you have disposable income or whether you pass the means test. Some of the deductions that will be taken are your taxes from employment, car payments, mortgage payments, child support, medical insurance and child care. If after taking all the allowable deductions on the means test you have disposable income then you may not qualify to file for Chapter 7 bankruptcy. You may need to file for Chapter 13 bankruptcy and offer some amount of repayment plan to your creditors.
Call our office for a free initial consultation: tel:714-872-8187
Orange County Location
Our office is conveniently located in the heart of Orange County. Our office provides easy access from both the 22 freeway. 5 and 55 freeway.
Southern California Law Advocates P.C.
2112 E. Fourth St. Ste. 103 Santa Ana, CA 92705
Our Santa Ana, CA office represents clients in Anaheim, Fullerton, Yorba Linda, Stanton, Costa Mesa, Brea, Newport Beach, Irvine, Santa Ana, Anaheim Hills, Garden Grove, Huntington Beach, Seal Beach & surrounding cities.