Nashville Chapter 7 Bankruptcy Attorney
At Rothschild & Ausbrooks, PLLC, we listen carefully to ensure bankruptcy relief fits our clients’ objectives. We do this by being responsive to our clients’ needs and maintaining a communicative atmosphere. The decision to file bankruptcy is never easy, but it is our hope that clients will feel a sense of relief after our first meeting. Many people are under the impression that it is impossible to be eligible for Chapter 7 bankruptcy under the new bankruptcy laws. Although the process has changed, filing Chapter 7 bankruptcy is still possible. An experienced lawyer from our firm can help.
Do decisions about filing Chapter 7 bankruptcy have you stuck between a rock and a hard place? If so, contact a lawyer from Rothschild & Ausbrooks, PLLC, to arrange your free consultation. Read about Chapter 7 bankruptcy.
Chapter 7 bankruptcy is a liquidation of assets. In many circumstances, people who are eligible for Chapter 7 have minimal assets and unsecured debt. Most earn a modest income or no income and do not own a home.
Filing for Chapter 7 Under the Means Test
In Chapter 7 filings, we begin a case by listing all assets, liabilities, income, expenses and other financial affairs. Under the new bankruptcy law, a person who wants to file under Chapter 7 is required to meet requirements under a means test. The means test will take into consideration your monthly income, your “extra” income and the median income in your state. It has become more difficult for people to qualify under the new laws, but our firm has obtained successful outcomes on behalf of many clients.
Contact us today to learn how we can help.