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If youu2019re thinking of declaring bankruptcy for debt relief, the first step is to check your eligibility. To be eligible to file bankruptcy in Chapter 7, you must meet the criteria for the income limit and asset considerations. For more information contact us or call us today at 908-795-8249.
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Chapter 7 Bankruptcy Chapter 7 Bankruptcy proceedings are for individuals who have personal liabilities that exceed their income and assets. If you qualify for a Chapter 7 liquidation, it offers the fastest form of bankruptcy to give you a fresh start, without relinquishing all property. Can your debts be eliminated by a Chapter 7 bankruptcy? In bankruptcy proceedings, debts are dischargeable or nondischargeable. If a debt is dischargeable, you are not required to pay back those debts, and creditors can no longer demand payment. Contact Us Karina Lucid Law 510 Thornall St Suite 270, Edison, NJ 08837, United States klucid@karinalucidlaw.com 908-795-8249 www.karinalucidlaw.com