Are you wondering, “Why should I choose Chapter 7 bankruptcy?” You probably have a lot of questions about how this works. Here is what you should know before calling our office.
Why Should I Choose Chapter 7 Bankruptcy? | Eligibility
Debtors who have already filed for Chapter 7 cannot file again for eight years. And debtors who have already filed for Chapter 13 bankruptcy cannot file for Chapter 7 until six years have passed (although there is an exception for this). Most importantly, debtors are subject to a “means test” which determines whether the debtor is making too much money to take advantage of Chapter 7’s ability to wipe away their debt. The only way to be sure if you are eligible for Chapter 7 bankruptcy – and if Chapter 7 bankruptcy is your best option – is to talk to an attorney. Your attorney will review your debts, assets, income, and expenses, and help you come to a decision.
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Is It the Right Choice for Me?
Again, you can only know this after going over the particulars of your case with an experienced bankruptcy attorney who can discuss all of your options. A good bankruptcy attorney will tell you whether bankruptcy is your best option, or if you have other possible options, such as debt settlement, or even doing nothing.
Are you choosing chapter 7 bankruptcy? Please call our Buffalo debt relief lawyers today to schedule a consultation and see if chapter 7 is the right choice for you.