When a client comes to see me as their Westchester bankruptcy attorney, the first thing I want to know is who do you owe money to, what do you have in terms of assets, what do you have in terms of income and what are your monthly expenses? It is at that time that I will be able to determine whether Chapter 7 is going to be an available option. The amount of money that a person makes per household per state is going to vary from state to state based on the median income test. If you are below the median income test in your state for your family size, then you have completed the first prong and you are able to file a Chapter 7 bankruptcy or file bankruptcy online.
The second prong of course is that you do not have any available money per month from which to pay your creditors back over time. So if you satisfy both prongs, you are under the state of Illinois bankruptcy median and you don’t have any available money per month, then you should be entitled to qualify for Chapter 7 bankruptcy relief. Chapter 7 bankruptcy relief will eliminate debts owed to credit cards, medical bills, personal loans, utility bills, debts for any type of service. The types of debts that will not be eliminated in the Chapter 7 include student loans, recent taxes, parking tickets, child support, elbowed, maintenance payments, and debts incurred by some type of fraud.
Most of the clients that I service are going to qualify for Chapter 7 under the United States Bankruptcy Code. To begin a Chapter 7 bankruptcy filing, I must be retained as the Chapter 7 bankruptcy attorney of record. To retain my services is really quite simple. The client must put something down towards the attorney’s fees and then go on a reasonable payment plan. The typical payment plan in my office is $100 every two weeks deducted out of an electronic fund transfer through a bank. If someone does not have a bank account, then they can make voluntary payments of $100 every two weeks.
While the client is on the payment plan, they are free to refer their creditor calls to my office. My office will then advise those creditors that you the client have retained our services and that we are working towards filing your Chapter 7 bankruptcy case. While you are on your payment plan, you have complete protection from creditors in terms of calls and letters. Collection activities such as lawsuits, garnishments, foreclosures will continue up until the time that the actual Chapter 7 bankruptcy case is filed with the court. For help with your bankruptcy filing, contact a Chicago bankruptcy attorney for assistance.