Legal Question in Bankruptcy in California

Under the new bankruptcy law there is a \'means test\' meaning you have to prove you are poor enough for a Chapter 7 -- otherwise you could be forced to file a Chapter 13. A Chapter 7 wipes out most debts with a few exceptions such as student loans and some taxes. You will keep a limited amount of assets. Could be a Chapter 13 would be better for you. Your question just cannot be answered in the abstract. It all depends. You will need to bring all your financial information to a bankruptcy attorney if you want a useful answer.