Chapter 7 Bankruptcy Questions To Ask An Attorney
1. Do I Qualify
Wondering if you will qualify for a chapter 7 bankruptcy? Before filing any bankruptcy, you will meet with your attorney face to face to discuss whether a chapter 7 is the best filing for you. While there are exceptions, a “Means Test” is usually required to determine eligibility for a chapter 7 bankruptcy. If the majority of your debt is non-consumer debt, you may not be required to comply with the means test.
2. What is a Means Test?
A means test, is a form used by the government to determine whether the debtor can afford to repay his or her debt. The form requests information on your income and expenses.
3. What is a 341 Meeting?
A meeting of the creditors, or 341 meeting, is required to be held before a chapter 7 bankruptcy can be discharged. Attendance by the debtor is mandatory, as the debtor must answer questions the creditors may have.
1. Free Consultation
Your First Step is a FREE consultation with an attorney in your area.
2. You Retain Attorney
You retain an attorney who will defend your best interest through bankruptcy.
3. Debt Freedom
Stop lawsuits, and credit harassment. Enjoy your fresh start.