There are two types of bankruptcy options that a bankruptcy attorney can file: Chapter 7 and Chapter 13. Under Chapter 7 bankruptcy, most unsecured debt is discharged. Chapter 13 bankruptcy is a debt reorganization and consolidation.
Not everyone qualifies to file Chapter 7 bankruptcy. If you wish to consider Chapter 7, your bankruptcy lawyer will need to be provided with an accurate accounting of your income and debt as well as the size of your household. Your bankruptcy attorney will calculate your median state income and, in most cases, if your income is below median, then you will be able to file for Chapter 7. We often see those who are underemployed or unemployed qualify for Chapter 7 bankruptcy. Charleston area residents who do not qualify for Chapter 7 bankruptcy may choose to file Chapter 13.
If you are considering either Chapter 7 or Chapter 13 bankruptcy, it is important to engage a qualified and experienced bankruptcy attorney. The Drose Law Firm only handles bankruptcy. Charleston residents and those in surrounding areas appreciate our expertise, compassion, and willingness to get the job done. Our goal as your bankruptcy lawyer is to ease your financial stress and put you on the path to financial freedom!
Would you like to learn more about whether you qualify for Chapter 7 bankruptcy and/or which type of bankruptcy may be right for you? If so, our friendly staff and bankruptcy attorney are ready to talk to you. Give us a call to schedule an initial consultation today!