Bankruptcy Rights and Advocacy in Austin, Texas
Bankruptcy law is far-reaching and available to individuals, corporations and charitable organizations alike. Even non-U.S. citizens have the right to file for bankruptcy. Before filing, it is important to consider your rights, options, and the consequences of filing for bankruptcy. At the law office of Susan G. Taylor, I provide affordable, experienced advocacy to protect my clients' interests.
Take action now to seek the fresh start you deserve by calling 512-879-9171 for a free consultation with an experienced bankruptcy attorney.
With recent changes in bankruptcy law and the increasing number of Americans overwhelmed by significant debt, many people do not realize that they do have rights and options under bankruptcy law. Even if you have a stable income and a home, you have the right to protect your assets while reorganizing your debts. For many people, they need to simply reorganize debts and stop accruing interest and penalties to restore their financial security.
Bankruptcy law applies to:
- Individuals and families
- Businesses
- Immigrants and non-U.S. citizens
Chapter 7 Bankruptcy Qualifications: The Means Test
Under the new bankruptcy law, a two-part income and budget analysis is used to determine whether you are eligible to file for a Chapter 7 bankruptcy.
- Median income test: Under the "median income" test, your average household income for 6 months will be compared with that of other people in your state. If your income is below the means test average, you likely qualify for Chapter 7 bankruptcy. However, your disposable income after all allowable deductions is determinative.
- Means test: If your income exceeds the average median income of others in your state, you will be submitted to a secondary analysis called the "means test." In the means test you will be limited to standard deductions for certain expenses, based on the size of your family.
You Have the Right to File for Bankruptcy
Even if you do not qualify for a Chapter 7 bankruptcy, you may still have the ability to pursue Chapter 13 debt relief. Chapter 13 bankruptcy is often available to individuals and families that either do not qualify for Chapter 7 bankruptcy or have significant assets they want to protect from liquidation. Bankruptcy is not available to everyone who suffers from overwhelming or unmanageable debt. But I will help you explore your options and help you seek the debt relief you need and deserve.
To discuss your bankruptcy options and debt relief solutions, please contact Susan G. Taylor, an experienced bankruptcy lawyer serving individuals, families and businesses throughout Austin, Texas.
Free initial consultations • After hours and weekend appointments available • Located conveniently 5 blocks west of the capitol • Ample, free parking
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
