Question 1: Do I qualify for bankruptcy?
Answer: No attorney can answer that question without doing an analysis of your monthly net income, monthly ordinary living expenses and total debt load. This now also involves your submission of several financial source documents to the attorney so that “due diligence” verification of your information is done prior to any filing. Be wary of bankruptcy “paralegal” outfits. If they are not staffed by attorneys, and if you are not speaking directly to an attorney in the consultation, they cannot give you legal advice. Typically, for a low fee they will prepare a bankruptcy petition for you and send you off on your own. The decision whether to even file that bankruptcy petition is often-times a prickly legal decision that can only be made after consultation with a knowledgeable, experienced bankruptcy attorney.
One thing we can tell you without a review of any of the factual details of your case, is that you cannot file Chapter 7 bankruptcy if you have filed one within the last eight (8) years. Repeat filers will be scrutinized under the new law. Schedule your appointment today to learn your other valuable legal rights in bankruptcy.
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