Is Bankruptcy Right For Me?

Bankruptcy Attorney Provides Guidance

Bankruptcy is a program to assist the debtor overwhelmed by debt. There are separate chapters of bankruptcy to help debts according to their circumstances. To find the one best for you and whether you quality, we can help. We are Price Law Group, a nationwide bankruptcy law firm that has helped over 60,000 families become debt free. We urge you to contact a bankruptcy attorney to evaluate your options.

Chapter 7 Bankruptcy

Under this chapter, you are allowed to discharge your debt. This is for the debtor who cannot pay off his or her debts even if given time. In order to qualify for Chapter 7, you must satisfy a "means test." If your income is under the median average income of a family your size in your area, you automatically pass the means test. If your income is over the median income, you still may qualify through the means test formula taking into account your income and expenses.

Chapter 13 Bankruptcy

If you do not qualify for Chapter 7, you may still qualify for Chapter 13. Under this chapter, you pay off your debts over a three to five year period. You get to keep your property and enjoy protection from creditor actions. To qualify for Chapter 13, you must demonstrate that you have the income to make the plan payments. If you do not, you may still qualify by shedding some of your more expensive secured obligations by returning the security.

Contact a Bankruptcy Lawyer

We have helped many clients find a road back to solvency. We can help you too. Speak with a bankruptcy attorney at the firm today. We will evaluate your situation and tell you what your options you qualify for. We can then help you take advantage of your options.

Contact a Bankruptcy Attorney at the firm to discuss your bankruptcy options.