I have a lot of debt--how do I know if I qualify for a Chapter 7 Bankruptcy?
I have a lot of debt--how do I know if I qualify for a Chapter 7 Bankruptcy?
The qualification for Chapter 7 Bankruptcy is based on your gross annual income (and that of your spouse if you are married) as well as the number of people in your household. A consultation with the attorney will determine if you qualify and what the low flat fee is for the bankruptcy. An important factor will be your situation with regard to your creditors. If they have served you with a lawsuit or are threatening to do so, you may have to file right away, before the creditors get a judgment against you. We can prepare all the paperwork that is needed while you are in our office--it takes about 1 to 2 hours. You can start the bankruptcy with as little as $400 and we will alert your creditors that you are filing so they will stop calling you. Give us a call to discuss!
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