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If you have a legal matter, whether you're an
individual, a professional, a business owner,
or whether you represent a corporation, it is
paramount that you hire the best legal team you
can. Don't leave your outcome up to chance! Our
office is known for, and has a reputation for,
fighting effectively and aggressively to defend
our clients' interests. |
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| Most people who file for
Chapter 7 bankruptcy will be able to keep
their assets, including their cars and home.
Only non-exempt assets can be liquidated for
payment of bills. Our knowledge of the bankruptcy
exemptions will help you keep most of your
assets while eliminating your debt. |
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| Our office will
move quickly to regain your peace of mind. |
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| We are able
to start your case with a small deposit. Then,
we will move quickly to stop all harassment.
It is possible that you'll receive your discharge
in just a few months. That means we'll eliminate
unsecured debts like credit card debt, medical
bills, most personal loans, judgments resulting
from car accidents, deficiencies on repossessed
vehicles, some older tax debts, payday loans,
and garnishments. Only certain debts, like
child support, most student loans, and many
tax debts are not dischargeable. |
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The
Chapter 7 Bankruptcy Means Test |
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| The Chapter
7 means test itself is a two-step process.
You start with a median income comparison,
which compares your monthly income to the
median income of a family that is the same
size as yours in your state. If your monthly
income is at or below the median income, you
qualify for Chapter 7 bankruptcy. If your
income is higher than the median income, it
doesn't mean that you can't file for Chapter
7 bankruptcy, but you have to complete the
second step of the Chapter 7 bankruptcy means
test. |
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| The second step
of the Chapter 7 means test involves calculating
disposable income and unsecured debts. According
to the test, if your disposable income over
the next five years is less than $6,000 ($100/month),
you qualify for Chapter 7 Bankruptcy. We can
help you understand which part of your income
is disposable for the calculation. If your
disposable income during that five year period
is greater than $6,000 but less than $10,000,
you may still be able to file for Chapter
7, depending upon your allowed expenses. |
| Is bankruptcy
right for you? |
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| Contact us at
1 (866) 356-3567.
We'll explain your right to protection under
law and further discuss why Chapter 7 bankruptcy
may be the right option if you: |
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- Have no income or low income
- Have little or no money left after paying
your necessary living expenses each month
- Have few assets (or no assets) outside
your furniture, clothing and other necessities.
- Rent or have little equity in your home
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