Bankruptcy Overview

Thousand Oaks Bankruptcy Lawyers

The Thousand Oaks bankruptcy attorneys at Gumm & Green, LLP, have over 35 years combined legal experience helping people obtain financial relief through the Bankruptcy Code. We offer an aggressive, dynamic approach to bankruptcy law, allowing our clients to get a fresh start as soon as possible. Find out what we can do to help you:

As Agoura Hills Chapter 7 bankruptcy lawyers, we are dedicated to representing clients throughout Southern California.

What the Changes to the Bankruptcy Law Mean for You

In 2005, the Bankruptcy Code underwent significant changes. The major result of these changes was that it became more difficult to qualify for Chapter 7 bankruptcy filing or debt liquidation.

Although the laws were intended to make it more difficult to file for straight bankruptcy, they have by no means made it impossible. It is true that people within some economic groups may not qualify, but the majority of those who apply should be able to obtain financial relief through Chapter 7.

For clear answers about how the new bankruptcy laws affect you if you face a financial crisis, contact Gumm & Green, LLP, in Southern California. Call 818-707-4233 OR 1-855-707-4233.

Using the Means Test to Determine Bankruptcy Eligibility

The most common question we hear from clients is whether they are eligible for Chapter 7 or if they should file under Chapter 13. Eligibility is determined through the means test. This test requires that you meet a median family income. It examines family size and scrutinizes your debt to income ratio — how much money you make in comparison to your expenses and debts.

The attorneys of Gumm & Green, LLP, will work with you, going through all your expenses (food, clothing, household supplies, utilities, etc.) and helping you complete the means test. We can help you look at exemptions and liabilities that may make the difference in the type of bankruptcy you can apply for.

Life After Bankruptcy

Rebuilding your credit after a bankruptcy filing is an important step in taking back control of your financial future. We will advise you on the various strategies for doing so, and help you develop a plan for a fresh start.

Contact Our Agoura Hills Chapter 7 Bankruptcy Attorneys

Chapter 7, or liquidation bankruptcy, results in the discharge of most unsecured debt. If you do not qualify for Chapter 7, you can usually file for Chapter 13. We are happy to discuss the components and ramifications of this type of bankruptcy with you. Contact Gumm & Green, LLP, today and schedule a free consultation to discuss your finding debt relief through personal bankruptcy. Call 818-707-4233 OR 1-855-707-4233.