How to Complete Chapter 7 Filing
Be sure that your bankruptcy filing is done efficiently and to the letter of the law. Our extensive knowledge of Chapter 7 filing processes successfully take you through the procedure, from start to finish. First of all, we will make sure you are eligible. To qualify for this debt solution, you cannot have any disposable income. You must also do a means test, which will compare your average monthly income with the median income rate in your area. This is determined by calculating your income for a six-month period before your bankruptcy. If your average is lower, it means you are automatically qualified.
For individuals who have an average income that is more than the median, you may still qualify. This depends on the information that you included on your means test form. Once you are deemed eligible, our experts will assist you with filling out your petition. The information that you will need to fill out official forms that make up the petition includes:
- A list of All Your Creditors and the Amount Owed
- Your Income Source, Amount, and Frequency
- A List of All Your Property
- An in-Depth List of Your Monthly Living Expenses
After you have completed your petition, our Chapter 7 attorney will file your forms with the court in your area. Rely on our experience and assistance to guide you throughout the whole process.