Is Bankruptcy Right for Me?

Working with a Wayne County Bankruptcy Attorney

At Bryant, Logan, Wheeler Law Group, PLC, we know that the decision to file bankruptcy can be one of the most difficult choices that our clients may ever face; however, in these hard economic times, more and more people are finding it difficult to meet their financial obligations due to events in their life beyond their control. Many of our clients have found themselves in a situation where the debts are continuing to rise and are becoming unmanageable. If this is where you are, you need an attorney with the knowledge, skill, and compassion to help you regain your financial stability and to get you the fresh start that you deserve.

Eligibility for Bankruptcy

When you are faced with a financial hardship, it is important that you speak with an attorney to determine if you are eligible to file for bankruptcy. At our firm, we will thoroughly review your situation to help you understand the benefits of bankruptcy and how filing can help you and your family. One of the first steps in determining eligibility to file under either Chapter 7 or Chapter 13 is to take the bankruptcy means test.

During this test, your disposable income will be determined, which is how much of your personal income you have left after you've paid the "allowed" monthly expenses. This number is then used to decide whether or not you have enough money left each month to pay off your unsecured debt. If it is determined that you cannot afford the minimum payments, you may be able to file for a Chapter 7, also known as liquidation. If your disposable income is higher than a certain threshold, you may be disqualified from filing under Chapter 7; however, you may be able to still obtain the benefits of bankruptcy by filing for Chapter 13 bankruptcy.

Why file for bankruptcy?

There are many situations where individuals are no longer able to make even small payments and are forced to reconsider their spending habits in order to make ends meet. At Bryant, Logan, Wheeler Law Group, PLC, our team of dedicated attorneys understands that life comes quickly at people-illness, injury, divorce, and other circumstances make it increasingly difficult to pay off debts. If you're struggling with debt and are being constantly harassed by creditors, now may be a good time to determine if you should file for bankruptcy.

When you file, all harassing creditor calls will stop, if your home is being foreclosed on you may be able to stop the foreclosure process, and you can keep your assets from being repossessed. If you are considering filing for any chapter of bankruptcy, do not hesitate to contact a Wayne County bankruptcy attorney from Bryant, Logan, Wheeler Law Group, PLC as soon as possible. With the guidance of our team, you may be able to achieve a positive outcome for your case. If you have questions or concerns, we are proud to offer free case evaluations to all potential clients so that they can speak with us about the specifics of their situation.

Do not wait until you are behind on payments- contact Bryant, Logan, Wheeler Law Group, PLC as soon as possible and begin reaping the benefits of bankruptcy today!