New Albany Attorney Koehler Helps Clients Pass Indiana “Means Test” for Chapter 7 Bankruptcy

If you are an Indiana resident considering Chapter 7 Bankruptcy for debt relief, you will first need to pass the Indiana Means Test. In Indiana, if your income is below the amount specified for your household size, you will be exempt from taking the means test and may file for Chapter 7. Contact Koehler Law Office in New Albany, IN to learn more about the Means Test and the Chapter 7 filing process in Indiana.

Why Do I Need a Bankruptcy Lawyer to Help With a Means Test?

With experience in providing debt relief to clients facing overwhelming debt, Indiana bankruptcy lawyer Lloyd Koehler offers effective legal guidance for those seeking debt relief. Attorney Koehler will speak with you about your individual situation, listen to your concerns and provide the legal options that best suit your circumstances. He can help you gather the documents and proof necessary to pass the Indiana Means Test and file for Chapter 7 bankruptcy. Our office can also assist you in managing the legal paperwork, court process, and other requirements involved in filing for bankruptcy.

How is the Means Test Evaluated in Indiana?

If your income is higher than specified in the means test guidelines, you will be required to undergo the Means Test, designed to determine whether you will eligible for Chapter 7 bankruptcy. The calculations are determined from financial records about your income to expenses ratio and requires documents supporting the following information:

• salary or work-related income
• rental income
• interest and dividends
• pensions and retirements plans
• unemployment income
• rental and utility expenses

Submitting information for a Means Test can be complicated. The last thing you need is to worry about unintended consequences because you made a wrong move during your Means Test evaluation in Indiana.

Speak With a Bankruptcy Attorney in New Albany, Indiana

It costs you absolutely nothing to talk with Keohler Law Office, the largest filer of bankruptcy in southern Indiana, and get your bankruptcy process started. Allow us to help you get back on your feet. Our bankruptcy lawyers are available 24-hours/day and 7 days/week. Call us at (812) 785-8191 . Our priority is to make your life easier by reducing your financial worries.