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If your income is higher, a Louisiana Bankruptcy Attorney can help you complete additional "means testing". In general the means testing will review your ability to pay your creditors by subtracting certain expenses such as your house payment, car payment, taxes owed and a certain amount of school tuition from your income. If you income minus these expenses leaves you enough disposable income to pay up to $6,000 or $100 per month to your unsecured creditors in the next sixty months, you will most likely have to file Chapter 13 Bankruptcy. If you fail this test, but you have enough remaining disposable income to pay 25% toward debt repayment in the next 60 months, you still may have to file Chapter 13 Bankruptcy. This is general information. It is important to have a Louisiana Bankruptcy Attorney analyze your income and perform the means tests to determine if you can file Chapter 7 bankruptcy.

The median income for the state of Louisiana is published by the United States Trustee program. The State Median Income for the state of Louisiana after March 15, 2009, for a single wage earner is $36,945. For a family of two it is $46,741, for a family of three it is $52,628 and for a family of four it is 66,634.

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Chapter 7 and Chapter 13 Bankruptcy Help

The two most common consumer bankruptcies are Chapter 7 and Chapter 13, our sponsoring lawyers handle these types exclusively so you can be sure you are getting accurate legal advice when you file bankruptcy. Our Bankruptcy attorneys will fight to protect your rights and your property, fight the aggressive and annoying creditors for you, and they can help you keep your home, vehicles and other property.

A lawyer will be committed to getting you debt relief and providing you with valuable information, services and advice to get you a better financial future. There are many convenient locations to make filing bankruptcy or learning about the alternatives we offer, even easier.

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