Bankruptcy doesn't have to be something bad.
It can actually be the start of something good.
Your situation is unique, and it's personal.
Your attorney should be as well.

BAPCPA

The Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA) was passed in 2005 by the Bush administration in an effort to reduce the number of people who file for Chapter 7 bankruptcy. This act established a number of new requirements for those wishing to file for Chapter 7, making it more difficult for people to qualify. Those that are found ineligible for Chapter 7, however, are still free to file for Chapter 13, or reorganization bankruptcy.

The Means Test

Arguably, the largest change made by BAPCPA was the implementation of the means test. The means test is a method of determining whether or not you have the financial means to pay off some of your debts. If your income is above the state’s median income, then you must take the means test. However, if your income falls below the state’s median income, you do not need to take the means test.

This examination analyzes your disposable monthly income in order to determine whether or not you can pay off your debts under a Chapter 13 reorganization bankruptcy filing. If you fail the test because you actually can make some progress on debt repayment under Chapter 13, then you cannot file for Chapter 7.

If you are unsure about how to take the means test, then you may want to enlist the help of an experienced and qualified bankruptcy lawyer. The Birmingham bankruptcy attorneys of Greenway Bankruptcy Law, LLC have the knowledge and skills necessary to help you effectively review your situation.

Contact Us

If you are thinking about filing for Chapter 7 bankruptcy, then Birmingham bankruptcy lawyer Paula Greenway can help you assess your situation and begin the filing process. To schedule your free initial consultation, contact her today by calling (205) 324-4000.

"When I had my power cut off because I just didn't have the money to pay the power bill, a friend suggested I call Paula Greenway. From the moment I walked in her office I felt like a burden was lifted from my shoulders."
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"I would just like to say that I was impressed by the staff of Greenway Bankruptcy Law, LLC and their attention to professionalism. They made the bankruptcy process not only pleasant but simple."
Jennifer S.
I can't tell how comforting it is to know your attorney is working on your case. I would and have recommended their service to friend and associates."Ed H.
"I would like to thank Greenway Bankruptcy Law, LLC for the way in which they handled my bankruptcy case."
Robert M.
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Greenway Bankruptcy Law, LLC
505 20th St N #1220
Birmingham, AL, 35203
Phone: (205) 324-4000
Tuscaloosa: (205) 737-3350
Gadsden: (256) 467-6650

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Greenway Bankruptcy Law, LLC All rights reserved. We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code. The following language is required pursuant to Rule 7.2, Alabama Rules of Professional Conduct. No representation is made that the quality of legal services to be performed is greater than the quality of legal services performed by other lawyers. This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

Greenway Bankruptcy Law, LLC 505 20th St N #1220, Birmingham, AL, 35203 | Phone Number: (205) 324-4000 |  Directions | Paula Greenway+