You will want to contact a Phoenix Bankruptcy Attorney about qualifying for Chapter 7 Bankruptcy as the filing is not as easy to facilitate as it was in the past. Because of a law called the Bankruptcy Abuse Prevention and Consumer Protection Act, filers of Chapter 7 bankruptcies must undergo a means test.
This test is a measure used by the court to review and compare your income to other peole living in your neighborhood. If you don?t meet this portion of the test, then you will need an attorney?s help in attempting to qualify for Chapter 7 in accordance with the government?s mandates. That?s because this process requires that you present detailed data to the court.
Usually, Chapter 7 bankruptcy is a preferred choice for people who have accumulated a large amount of unsecured debt and do not own much in the way of assets. If there is a chance that, by filing Chapter 7 Bankruptcy, your home or car at risk, then a Phoenix Bankruptcy Attorney may recommend that you file Chapter 13 instead.
Tags: phoenix bankruptcy attorney
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