If you’re an individual and feel that there is no way out of your debt troubles — filing bankruptcy may be your best option. Individuals file personal bankruptcy because they need financial relief and seek a second start: A Chapter 7 bankruptcy or a Chapter 13 Bankruptcy can help you overcome problems if:
• You are facing home foreclosure and fear losing your house
• There has been wage garnishment assigned to your pay checks
• You have been laid off or face other job problems
• There has been a medical crisis to you or one of your family members
• There are pending lawsuits
• You have recently been divorced
• You want to stop creditor harassment
When these problems are regular occurrences, you’ll want to learn more about what filing a Bankruptcy can do to help you. There are Bankruptcy Laws designed to help you. There is life after bankruptcy. First you should seek professional advice from a leading bankruptcy attorney.
DO I QUALIFY? Here are some basic bankruptcy guidelines:
- You first must take a financial counseling course that is approved by the court.
- Is your current monthly income more than the median income in your state?
- If the answer is yes then you may have to file a five year chapter 13 bankruptcy
- If your answer is no then you may file a chapter 7 bankruptcy
In both cases you must take an approved Credit Counseling Course to get a discharge from your bankruptcy.
Contact us for your free test to determine if you qualify today!