Qualifying for Bankruptcy in Illinois
Many people facing the burden of debt and considering bankruptcy may be concerned about whether or not they will qualify. Given how much information is on the Internet about bankruptcy, and how much of that information is inaccurate, people may be left confused and worried about what options they have.
In reality, qualifying for either Chapter 13 or Chapter 7 is based upon several factors regarding family income, family size and expenses. This process is defined as "means testing" and involves a thorough accounting of what you make, what you own and what you owe.
At Edwin L. Feld & Associates, our experienced attorneys can provide honest answers and helpful information about qualifying for Chapter 7 or Chapter 13 bankruptcy in Illinois. We provide convenient local representation to clients throughout the Greater Chicagoland area and surrounding suburbs.
Call 888-645-4357 to schedule a free initial consultation with an experienced bankruptcy lawyer. WE OFFER PAYMENT PLANS.
Speak With an Attorney About Bankruptcy Qualifications in Chicago
Whether you qualify for Chapter 7 or Chapter 13 relief depends on several factors. One of those factors is income and means testing. There are many other factors involved, including what goals you are trying to reach, (i.e. saving home or car), whether you have substantial assets or wish to protect a third party. These are only a few of the possible goals you may have in mind when you meet with an attorney. Your goals will help determine whether the Chapter 7 or Chapter 13 is appropriate for you.
We will review the facts of your case, advise you as to your bankruptcy eligibility and help you make an informed decision about your options. Bankruptcy has been a helpful solution and has helped to bring a renewed sense of hope for thousands of people.
Contact Our Chicago Bankruptcy Lawyers
To schedule a free consultation with an experienced bankruptcy attorney at Edwin L. Feld & Associates, contact us toll free at 888-645-4357. You may also contact us by e-mail.