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Do I Qualify for Bankruptcy?

When facing financial hardship, filing for bankruptcy can provide relief and help to protect your finances. But do you qualify for bankruptcy? The process of qualifying for bankruptcy varies depending on the type of filing, so it’s important to understand what is required.

To begin the process, you must first determine whether or not you are eligible for Chapter 7 or Chapter 13 bankruptcy. You may qualify for one of the two types if your total debts are more than the value of your assets, meaning that you cannot repay them in a reasonable amount of time. Additionally, some income limits apply as part of the means test and this will vary based on where you live and how many people are included in your household.

Bankruptcy can be an effective way to manage debt and get back on sound financial footing but it requires careful consideration before making any decisions.

The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of the debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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