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Delaware and Montgomery Counties

The Bankruptcy Law Firm – Chapter 7 and Chapter 13

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Do you own a home or are you currently renting?

Are you behind on either your mortgage or rent payment?

Do you have credit card bills?

Are you behind on your credit card bills?

Have you or anyone in your household experienced a medical condition that has resulted in unpaid medical bills?

Are you past due on any state or federal taxes?

Are you currently behind on your car payment?

Why are you considering bankruptcy as an option?

Philadelphia Bankruptcy Attorney

If you are thinking about filing for bankruptcy in the Philadelphia area, it is important that you consult with an experienced attorney who is well-versed in the bankruptcy laws. We recommend that you contact the Philadelphia bankruptcy lawyer at our firm who can sit down with you and review your financial situation.  We can help you determine if bankruptcy is the right option for you and what type of filing will best suit your needs and objectives. We have assisted hundreds of clients with debt relief solutions and bankruptcy filings. At our firm, we focus on providing you with the individual attention and guidance you need to resolve your financial dilemma.

Qualifying for a Chapter 7 Bankruptcy

Anyone who applies for a Chapter 7 bankruptcy must undergo a “means test” which will determine if they are eligible to file a Chapter 7. The means test involves an analysis of your financial picture, including income, expenses, and other factors. The first part of the test compares your income with the median income in your state. If your monthly gross income for the last 6 months is below the state’s median, then you qualify for a Chapter 7 bankruptcy. If your income is higher and you do not qualify for a Chapter 7, you can still file for a Chapter 13 bankruptcy.

Your Philadelphia bankruptcy attorney at our firm can help you complete the means test to determine if you are eligible for a Chapter 7 bankruptcy.  The means test can be complicated and it is important that you have the assistance of an experienced attorney.  If you are wondering whether a Chapter 7 filing is right for you, you should consult with our attorney who can answer your questions so that you can make an informed decision.

To find out if you qualify for a Chapter 7 bankruptcy in Philadelphia, contact the PHILADELPHIA Bankruptcy lawyer at our firm to discuss your financial situation today!