Falling behind on your bills and struggling with payments is a difficult hole to work yourself out of. You struggle each and every day to pay all of your creditors but you never seem to be making any headway and things just keep getting worse for you. You have fears every time the phone rings, wondering if it is another collection agency looking for money and threatening legal action against you. You simply do not have the income needed to help you make up the difference in all that you owe and cannot find a way out. If you are in a situation just like this, it may be time for you to consider using a Chapter 7 bankruptcy lawyer to help you dig your way out of this hole.
Understanding Chapter 7
There are a number of qualifications you have to meet in order to qualify for a Chapter 7 bankruptcy. You must be able to show that you do not have any extra income available in order to pay back your creditors. You must also be able to pass through what is known as a means test, where your household income is analyzed and determined so it can be seen just what you can really afford to pay back. Even if you have a high income, you may still be able qualify for Chapter 7 if the type of debt you have is related to medical debt or business debt. There is a process that you do need to go through and the right lawyer can take you through each step to help you. Keep in mind that filing Chapter 7 bankruptcy does NOT mean you have to give up all your assets. In most cases, you will be able to keep your home, car, furniture, certain jewelry, and personal belongings.
An Experienced Lawyer
When you are looking into filing a bankruptcy of this type you want to be sure that you are working with a lawyer that has handled this type of case in the past. The lawyer should be familiar with all of the current bankruptcy laws so that he/she can be sure to give you the proper guidance. A knowledgeable bankruptcy lawyer will be able to work on your behalf to get the right paperwork filed and represent you in your case.
Chapter 7 bankruptcies can be very confusing, which is why you want to be sure that you have an experienced lawyer working with you. Your lawyer will be able to help answer all of your questions and determine what the best course of action is for you so that you can get out from under your debt and get your life back. The lawyers at Karadjian & Escobar, P.C. can handle your Chapter 7 bankruptcy case with care and knowledge. Bankruptcy attorneys Karine Karadjian and Eryk Escobar have held externships at the U.S. Bankruptcy Court in Woodland Hills, CA where they gained valuable knowledge in the field of bankruptcy. Eryk Escobar then went on to serve as a law clerk for a bankruptcy judge while Karine Karadjian went on to work at a bankruptcy law firm. You can rest assured that your bankruptcy case will be in good hands with our caring, knowledgeable, affordable attorneys.