How would I know I qualify for chapter 7 bankruptcy? 8 Answers as of September 16, 2015

How do I know I qualify for chapter 7 bankruptcy?

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Eranthe Law Firm
Eranthe Law Firm | Cate Eranthe
Go see a knowledgeable local bankruptcy attorney for assistance. They can help you figure out if you qualify and also if it's appropriate under your circumstances.
Answer Applies to: California
Replied: 9/16/2015
Ferguson & Ferguson
Ferguson & Ferguson | Randy W. Ferguson
Talk to an attorney about your debts.
Answer Applies to: Alabama
Replied: 9/16/2015
A Fresh Start
A Fresh Start | Dorothy G Bunce
Fifth Grade Math ? what is the ratio of your total unsecured debt to your annual income? How much money do you have left in your budget after paying for necessary living expenses? If you paid everything left over in your budget that amount for the next five years, would you have paid more than 25% of your unsecured debt? If so, then you would not pass the GOOD FAITH test and would not be qualified to file Chapter 7. Fifth Grad Math is not easy, is it?
Answer Applies to: Nevada
Replied: 9/16/2015
Freeman Law Group, LLC
Freeman Law Group, LLC | Derek Freeman
You speak with an attorney. There are many factors involved, and you really should get expert advice on it before you decide on a course of action. Most attorneys who specialize in bankruptcy will offer a free consultation, so there's really nothing to lose by speaking with one.
Answer Applies to: Colorado
Replied: 9/16/2015
Musilli Brennan Associates PLLC
Musilli Brennan Associates PLLC | John F Brennan
Normally, that is determined by taking all of your facts and circumstances to a bankruptcy practitioner who will be able, with them, to form an opinion as to whether or not you qualify for a chapter 7, or a chapter 13 bankruptcy and whether either would be in your best interest.
Answer Applies to: Michigan
Replied: 9/16/2015
    Janet A. Lawson Bankruptcy Attorney
    Janet A. Lawson Bankruptcy Attorney | Janet Lawson
    Well the best way is consult with a bankruptcy lawyer. Bring in 6 months of pay stubs when you come to the office. Try looking at nacba.org for a lawyer.
    Answer Applies to: California
    Replied: 9/16/2015
    Danville Law Group | Scott Jordan
    Whether you "qualify" for a chapter 7 bankruptcy depends mostly on your monthly gross income and monthly debts. There are complex formulas that will determine your eligibility for Chapter 7 relief. I suggest you contact a local bankruptcy attorney for assistance. The attorney cost far outweighs the possibility of your making a mistake that cannot be undone and which could lead to serious legal consequences.
    Answer Applies to: California
    Replied: 9/16/2015
    Law Office of Michael Johnson
    Law Office of Michael Johnson | Michael Johnson
    You should consult with a local bankruptcy attorney in your area. Most of us do allow for free consults to discuss if you qualify.
    Answer Applies to: Florida
    Replied: 9/16/2015
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