Chapter 7 Bankruptcy Lawyer Rockford, IL
When you are trying to figure out if you qualify for Chapter 7 bankruptcy, you should speak with a Chapter 7 bankruptcy lawyer Rockford, IL relies on from Pioletti Pioletti & Nichols. Struggling with debt is something that many Americans go through but it does not mean that you will be stuck in a permanent state of financial ruin. Instead, there are many options that may be available to you and we will help you find the one that is right for you. If you are considering filing for Chapter 7 bankruptcy and want to see if you are eligible and how it can help you, call our office now.
Passing the Bankruptcy Means Test
Many people do not know that when they are filing for bankruptcy they will need to see if they pass the means test. All this does is check to see if you would be eligible to file for bankruptcy. For example, if your income exceeds the amount required in the means test, this may mean that you have enough money after you pay your bills to begin repaying your debt. If this is this case, filing for Chapter 7 bankruptcy is likely not the best option for you. When you work with our Rockford, Illinois bankruptcy lawyer, we will go over the details of this with you.
Who has the opportunity to file for Chapter 7 bankruptcy?
If you do not know much about filing for bankruptcy, it is important to understand that there are different types that you can file for but they will be for specific groups. For example, a corporation would not file for Chapter 7 bankruptcy. Instead, an individual person or a married couple choosing to file jointly can file for Chapter 7 bankruptcy.
Can you file for bankruptcy more than once?
Yes, you can technically file for Chapter 7 bankruptcy more than once. However, you cannot do it within a certain amount of time. The clock starts once you file for bankruptcy and if you try to file for Chapter 7 bankruptcy again within 8 years of filing the first time, you will not be allowed to do so.
Who can I turn to for help with filing?
When you want to file for Chapter 7 bankruptcy, turn to the attorneys at Pioletti Pioletti & Nichols. We believe we can help you with your financial problems. Call our office to speak with a Chapter 7 bankruptcy lawyer in Rockford, IL today.