About Qualification Requirements

Do you qualify for bankruptcy?

Many individuals can qualify for some form of bankruptcy, Chapter 7 or Chapter 13, but the question would be if this is the best move for an individual or family, a decision a strong bankruptcy attorney can assist one in making once all the necessary facts have been reviewed. At the outset a review of one's finances will need to be made to determine how his or her income compares to the median income level of Arizona. If it is below that level, filing chapter 7 is very possible, and if it is above that level chapter 13 is more likely the route to be taken, if it is in the best interests of the person and his or her family.

A means test compares monthly income to monthly expenses, and can help determine if either Chapter 7 or 13 is the best step to take. A review of assets, some of which may be owned outright by the person, will have to be taken into consideration before a decision on filing bankruptcy and which bankruptcy, can be made. Additionally an analysis of one's overall debt will certainly assist in the determination process. If you are considering bankruptcy, it is imperative that you contact their legal team at once to help you get the strong answers and solutions you will need to make and implement the correct decision for your particular circumstances.

Knowledgeable Legal Help With Bankruptcy

Price Law Group has 20 years of experience helping clients with all facets of the bankruptcy process. Bankruptcy is a big decision to make, and the process can be very complicated and overwhelming in scope for individuals. An attorney at the firm will have the intimate understanding of Arizona bankruptcy law to help you in your fight to get out from under the significant burdens of heavy debt and back on track to a better financial future.