
Frequently Asked Q
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Who Is Eligible for BankruptcyAny person or business within the United States is eligible to file for bankruptcy. There are a few exceptions to this rule and limitations based on which chapter you file under, which is determined by a means test and other criteria. Attorney Brodman can help you understand your options and eligibility.
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What Are the Benefits to Filing for Bankruptcy?There are numerous benefits to filing for bankruptcy, including stopping creditor harassment, becoming debt free and regaining control of your financial freedom. Each person's case is unique, so the benefits you may experience could be different from another person's experience with filing. The attorney from our firm can help you understand what to expect.
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What Is Chapter 13?Chapter 13 bankruptcy allows you to receive all of the benefits of bankruptcy without going through liquidation. Under this Chapter, you will be able to make minimal payments toward your debts and become debt free over a three- to five-year time frame.
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What Is Chapter 7
In Chapter 7 bankruptcy, individuals have all non-secured debts eliminated through liquidation. This bankruptcy will wipe your slate clean and allow you to move forward with your life free from debt. You have to pass the bankruptcy means test to qualify for this option.
Most Chapter 7 Bankruptcy cases are handled for $1400, and that includes everything.
