Princeton Bankruptcy Lawyer
Princeton Bankruptcy Lawyer: Chapter 7
Debtors seeking financial freedom from overwhelming unsecured debt and protection against creditor’s collection notices, harassing calls & emails, garnishments and other such collections may qualify for Chapter 7 Bankruptcy. If you qualify under Chapter 7, you can obtain bankruptcy discharge and wipe away unsecured debts such as credit cards, department store cards, medical bills and some older tax debts. However, Bankruptcy law guidelines are strict and the requirements for qualification must all be met. Debtors must complete a credit counseling course and fall below the median income set by Bankruptcy laws and known as the Bankruptcy Means test. If a debtor is over the median income, we must analyze your monthly living expenses to see how much disposable income is left over. If that disposable income number is below a certain amount, you can qualify for Chapter 7. Learn more about Chapter 7 Bankruptcy, the requirements and more.