Don’t Let Worries About Your Eligibility For Bankruptcy Stop You From Looking Into It
Once your debts have become overwhelming enough for you to be considering bankruptcy, you may hesitate to take the next steps if you believe you might not qualify because:
- Your income is too high
- You have too many assets
- You have incurred debts too recently
Before drawing your own conclusions, you should talk to a knowledgeable, helpful bankruptcy lawyer. At Law Offices of Bill F. Payne, P.C., we urge you not to delay seeking legal counsel from an attorney who regularly helps people find debt relief through bankruptcy.
Will The Means Test Hold You Back?
You may have heard about the means test that the government requires of people seeking to file Chapter 7 bankruptcy, which may discharge most or all consumer debt. You may assume it will shut you out. You may have even taken such a means test, with results indicating that you are not eligible for Chapter 7.
Before you accept these notions as facts, please get a second opinion. Initial consultations at our bankruptcy law firm are free. We can share anecdotes with you about previous clients who thought the means test brought them bad news – only to find a successful path to debt relief through Chapter 13 bankruptcy or another type with our guidance.
What About Exemptions?
You may have heard about exemptions in bankruptcy – in simple terms, assets that you can keep without including them in bankruptcy. You may believe that certain assets are too important for you not to keep but do not fall under the category of exemptions. Please consult with bankruptcy lawyer Bill F. Payne before you dismiss the opportunity that bankruptcy may offer you.
Categorizing assets accurately requires understanding and experience. Mr. Payne has been practicing law and advising people on bankruptcy for more than 40 years. He is well-informed and up-to-date on the most effective ways to verify one’s qualifications to file Chapter 7 or Chapter 13 bankruptcy. He can also advise you on other paths to debt relief. A fresh start is worth your efforts to pursue.
Let’s Look Closely At Your Eligibility Factors
There is no substitute for personalized legal counsel as you consider your options for resolving crushing debts that are holding you captive. Schedule a no-obligation consultation with Mr. Payne by calling 972-848-0155, or completing our easy inquiry form.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.