Ocean Springs Means Test Attorneys

Helping Clients File for Chapter 7 in Mississippi

If you are drowning in debt, you may be thinking of declaring bankruptcy. While bankruptcy is not an option for everyone, it may be the best option for you.

At Sheehan & Ramsey, we can assess if filing for bankruptcy is the best option for you based on your financial circumstances at Site:BusinessName. We've spent years assisting people just like you.

If you are considering filing Chapter 7, get in touch with Sheehan & Ramsey for a free consultation. Call us at (228) 231-0715 or contact us online.

What Is a Means Test?

When pursuing bankruptcy, the means test is pivotal. It scrutinizes your financial situation to determine your Chapter 7 or Chapter 13 eligibility. Passing the means test generally paves the way for Chapter 7 bankruptcy, while failing it may lead to filing for Chapter 13 bankruptcy instead.

How to Calculate Your Means Test Calculation

Your income and expenses will be computed in a precise method when you go through the means test. Your income will be estimated using your 6-month average monthly income. Your spending will be estimated based on a predefined set of expenses.

Some expenses that will be calculated are:

  • Rent or mortgage
  • Utilities
  • Food
  • Clothing
  • Transportation
  • Medical expenses
  • Insurance
  • Dedicated expenses for your children
  • Debt payments

Experienced Support With Bankruptcy Eligibility

Navigating the means test can be a critical step on your path to financial independence. Our knowledgeable Ocean Springs means test attorneys are here to assist you navigate the process and identify the best course of action.

We recognize that each person's financial position is unique, and we are devoted to offering customized solutions to meet your needs. If you are struggling with overwhelming debts, our bankruptcy lawyers can determine if filing for bankruptcy is even the right choice for you.

For experienced support with the means test and bankruptcy eligibility, reach out to Sheehan & Ramsey.

Have questions about bankruptcy eligibility? Call a means test attorney in Ocean Springs at Sheehan & Ramsey for a free consultation. Call (228) 231-0715 or contact us online.

  • Bankruptcy BootCamp
  • JCBA
  • HCBA
  • Justia
  • Mississippi Bar
  • NACA

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What Is Life After Bankruptcy?