A person pushed beyond their financial limits by their creditors may want to file for Chapter 7 bankruptcy’s strong protections. However, this type of bankruptcy has significantly stricter eligibility rules than does Chapter 13 bankruptcy. If a debtor does not meet these requirements, they may not be allowed to file for bankruptcy under Chapter 7’s liquidation rules.
If you are concerned about being eligible for Chapter 7 bankruptcy, you may want to consider consulting with a legal advisor about your options. To discuss whether you may file for this kind of bankruptcy or not, contact the Birmingham Chapter 7 bankruptcy lawyers of [firm-name], by calling [phone-number] today.
Under the law, a person may be unable to file for Chapter 7 bankruptcy if they do not meet the full eligibility requirements. In particular, a person may not be able to file for Chapter 7 protection if any of the following apply:
These eligibility rules can potentially keep a person from filing for bankruptcy under Chapter 7 bankruptcy. A debtor may want to ask their legal advisor about their options prior to filing to avoid wasted time and energy.
Choosing to file for bankruptcy can be difficult, but it may be the right decision. To learn more about the bankruptcy process and what kind of bankruptcy you may qualify for under the law, contact the Birmingham Chapter 7 bankruptcy attorneys of [firm-name], at [phone-number].