Are You Eligible To File For Chapter 7 Bankruptcy?
Let’s start with the good news: Most individuals and families filing for Chapter 7 bankruptcy in the United States Bankruptcy Court, Western District of Tennessee, in Memphis, will qualify to have all or most of their debt eliminated.
Does Eliminating Your Heavy Debt Sound Too Good To Be True? It’s Real.
I am attorney Ben Sissman. I have more than 30 years of experience helping people like you obtain debt relief through Chapter 7 bankruptcy. While I have found that most people who are struggling with debt in Tennessee are eligible to get a fresh start through Chapter 7, you must take the means test. This test essentially shows that your income is not sufficient to address your debts and still cover the costs of living.
Getting A Fresh New Start — Chapter 7 Is Not The Only Option
What if you do not pass the means test? Even though you are not eligible for Chapter 7, there may be other options that can provide the debt relief you need. An experienced lawyer like me knows that Chapter 13 can also be a way not only to eliminate debt, but also to create positive financial habits that will prevent future debt buildup.
Even if you do pass the means test, Chapter 7 still may not be for you if you want to protect a house or a car that would have to be liquidated in Chapter 7. I am here to help you find the option that makes the most sense in your case.
Free Initial Consultation About Chapter 7 Bankruptcy Eligibility
The law office of Ben Sissman is a debt relief agency that helps people file for bankruptcy relief under the Bankruptcy Code.