Chapter 7 Bankruptcy Information Provided by our Lawyer
Due to the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, changes have been made to bankruptcy laws that make it harder to file for Chapter 7 bankruptcy. Are you qualified to file for this type of bankruptcy? Talking to a Chapter 7 bankruptcy lawyer at the Law Firm of Kevin D. Judd can help determine your eligibility in Maryland or Washington DC. We offer a free, initial phone consultation.
“The bankruptcy means test” examines your income and helps you decide if you would be able to afford a payment plan that is usually agreed upon with Chapter 13 bankruptcy. You must also subtract particular debt payments and allowances before coming to a conclusion. If, after subtracting that money, you are still not able to pay through a payment plan, you may file for Chapter 7 bankruptcy.
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