Are You Eligible To File Bankruptcy?
It should come as no surprise that creditors such as credit card companies, banks, mortgage lenders, payday loan companies and collection agencies are responsible for much of the misinformation about who can and can’t file for bankruptcy. While it is true the laws for filing Chapter 7 were changed in 2005, the large majority of people still qualify for Chapter 7. For those who don’t, it turns out that Chapter 13 is often the better option, anyway.
The right debt relief option for you will depend on a number of factors:
- Your income and assets
- Your type and amount of debt
- What you have done in the past two years (such as gifts and asset transfers)
- Whether you have filed Chapter 7 bankruptcy in the past eight years
Learn more about what is and isn’t true about bankruptcy.
Experienced Bankruptcy Attorneys Giving You A Fresh Start
At The Day Law Office in Spring Hill, Florida, our lawyers offer a initial consultation to discuss your financial situation and determine which form of bankruptcy protection can solve your debt problems — and whether it is worthwhile for you to file bankruptcy.
We do not take filing for bankruptcy lightly. Neither should you. There are debt relief* alternatives to bankruptcy, and we will be happy to discuss them with you. We feel that, unless you have at least $10,000 in debt, it’s not worth filing bankruptcy unless you need to:
- Prevent losing your home to foreclosure
- Stop a creditor from garnishing your wages
What Is The Bankruptcy Means Test You Probably Heard About?
To file Chapter 7 bankruptcy, you must qualify under a means test. If your earnings are too high to file Chapter 7 bankruptcy, you can still file Chapter 13 bankruptcy. The means test varies from state to state and is updated every few months.
To schedule a initial consultation about filing bankruptcy, call us toll free at 352-200-2382 or fill out the contact form on this website. Our law office is located in Spring Hill, Florida, in the center of Hernando County.
*We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.