Which Type of Bankruptcy is Right for Me?

You must know — not all debts are dischargeable. In a Chapter 7 you may still owe tax debts, student loans, child support or alimony obligations etc. after your swift successful completion and discharge.

Chapter 7 Bankruptcy, the quick restart

This type of bankruptcy is usually used as quick restart to get rid of credit card debts, medical bills, off of debt owed jointly with a former spouse, repossessions etc.

You must qualify in order to file for relief under this Chapter. Currently the IRS guidelines allow for a household gross median income of X. for a household of 2 for example in order to file.

The means test is used to see if you qualify. It looks backward 6 months at all of your monthly income.

If you’re like the millions of Americans suddenly unemployed or underemployed and having difficulty maintaining monthly payments due to this pandemic, COVID-19, then speaking with an expert is certainly best for you.
You deserve to know your options and a way to regain control of your present future and someone to help you put the past behind you!

The courts ARE OPEN and accepting new cases daily. Bailey Law Offices is determined in making this process as easy as possible for you— to access your right to justice and a new start, All while keeping your safety and others in mind.

YOU DONT WANT TO REGRET WAITING let us help you figure out your best options. If you ask yourself the question ” Which Type of Bankruptcy is Right for Me?”  feel free to contact us, we are here for you.