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Chapter 7 Bankruptcy in Oklahoma

Chapter 7 Bankruptcy Eligibility & Oklahoma Means Test

Wondering if you can file? Call our Oklahoma City bankruptcy lawyer!

If you are considering filing for Chapter 7 bankruptcy, you must first pass the means test. This is the part that many individuals can get overwhelmed with. The good news is that you do not have to figure it out on your own! Alexander Hilton & Associates has helped countless clients successfully navigate their Chapter 7 bankruptcy filings and can do the same for you.

With more than two decades of proven experience under our belts, we know how to quickly and effectively determine when our clients are eligible to file under Chapter 7. When you come to us, we will help you gather all financial documents, calculate your current monthly income accurately, and assess whether Chapter 7 will work for your situation.

Determining Your Eligibility for Bankruptcy

Bankruptcy Means Test Oklahoma

The means test in Oklahoma measures a person’s finances against the average in their area to determine if they will be eligible to file for Chapter 7 Bankruptcy. If your level of income is below the median in your area you automatically pass the means test.

However, if your income is above the median, you can still qualify for Chapter 7. Even people whose earnings are substantially higher than median income may qualify through application of all available "IRS regional means test deductions" and "allowances". For instance, tax withholdings, insurance costs, auto expenses, above-average medical expenses, charitable contributions and many other expenses can be used to reduce gross monthly income and qualify those who might not otherwise qualify.

ONLY A highly experienced bankruptcy attorney knows all of these and how they can be applied in your case. You need an advocate who understands exactly how qualify you when others can't or won't because they don't know how or are unsure. We have saved clients hundreds of thousands this way.

Exceptions to the Means Test

In several situations, individuals can gain somewhat of a fast-pass to filing Chapter 7 bankruptcy, without having to qualify for the means test.

Those that can be considered exceptions to the means test include:

  • Disabled veterans who incurred 50% or more of their debts while on active duty;
  • The national guard and members of the military reserve
  • Persons whose debts are at least 50% business related (non-consumer debts)
  • Social Security income is not included in means testing

Don’t wait any longer! Find out if you qualify for Chapter 7 today by calling our OKC bankruptcy firm.

Clients Share Their Experience

"To be a good attorney, you have to focus on one thing. We know the law and we use the law to advocate for our client's best interests." - Alexander Hilton
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    Former Client
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    DL
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    Anonymous
  • “"If you are looking for someone to help you get back on track financially [...] Alex Hilton is your man."”

    Khan Oklahoma City, OK

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First Step: Discuss Your Case.
  1. Evening and weekend appointment availability
  2. Affordable Chapter 7 bankruptcy payment options
  3. Personalized attention from start to finish
  4. Representation from a law firm with one of the highest client satisfaction ratings in the state
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