Oklahoma City Bankruptcy Lawyer
Get Started Today 405.294.4330
Chapter 7 Bankruptcy in Oklahoma

Chapter 7 Bankruptcy Eligibility

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

In order to limit who can file for Chapter 7 bankruptcy, the government created the means test. This helps prevent unqualified debtors from using this chapter to discharge all their debts, despite the fact that they could pay some of them back. The means test basically measures a person’s finances against the average in their area to determine if they will be eligible to file.

The presumption of ineligibility for chapter 7 due to high incomes is rebuttable:

  • Only an experienced Oklahoma bankruptcy attorney can successfully rebut the means test presumption of ineligibility and qualify persons with higher income for chapter 7 bankruptcy.

For instance, tax witholdings, 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.

Exemptions to the Means Test Requirement - Certain individuals are exempt from means testing, including:

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

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 most debts while serving
  • The national guard and members of the military reserve
  • Those with more than 50% non-consumer debts (business debts)

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
  • “Alexander Hilton is a rare delight to work with when times aren't so good!”

    Jay Newton & Family
  • “I was terrified and overwhelmed and Mr. Hilton helped make an impossible situation manageable and he did so with patience and extreme kindness.”

    M&S B. Oklahoma City, OK
  • “He offers a lot of great advice and does not rush you into making a decision.”

    Former Client
  • “Any time I had a question, he was quick to answer my calls or emails.”

    Former Client
  • “He worked hard on our mess of a Chapter 13 case. I will recommend him to anyone I know that is in need of a Bankruptcy Attorney.”

    Former Client

Let's Get Started Together.

First Step: Discuss Your Case.
  1. Evening and weekend appointment availability
  2. Flexible 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
Request a Free Initial Consultation
  • Please enter your name.
  • This isn't a valid email address.
    Please enter your email address.
  • This isn't a valid phone number.
    Please enter your phone number.
    You entered an invalid number.
  • Please select an option.
  • Please enter a message.