Why You Need To Hire A Mesa Bankruptcy Law Firm: Part 1 of 3 – The Means Test

There are various people in the Mesa region that are at a point where they may want to soon look at filing bankruptcy as a solution to their existing unenviable money situation. A number of of these folks are wondering why it is essential that they retain a bankruptcy law firm when submitting Chapter 7 or Chapter 13 bankruptcy in Mesa Arizona.

Using a qualified Mesa AZ bankruptcy attorney is not required legally, but, there are compelling reasons why you should have legal assistance when processing Chapter 7 or Chapter 13 bankruptcy in Mesa, Arizona.

Current variations in federal bankruptcy law regulations made declaring Chapter 13 or Chapter 7 more complicated. For example, you’re now forced to complete a “means test” when filing individual bankruptcy. The Means Test has the intent behind finding out whether you are qualified to receive a Chapter 7 bankruptcy filing. Filing a Chapter 7 bankruptcy discharges the debt you owe.

The new bankruptcy means test can be difficult and perplexing, and if you fill it in improperly, it might be determined that you don’t qualify for recording a Chapter 7 bankruptcy. This facet of a personal bankruptcy filing is so important that it may be damaging. If you choose to do it yourself and record the Means Test incorrectly, you could jeopardize your chance to get released from your debt by way of a Chapter 7 individual bankruptcy.

Speak to your Mesa AZ bankruptcy law firm as it could be a relief to get the help of an experienced bankruptcy law firm if you’re planning on filing personal bankruptcy and have to complete the necessary Means Test.