Often, the first question asked by a person contacting our office is “Do I qualify for bankruptcy?” Qualifications for bankruptcy vary by individual and situation, but generally, you qualify for bankruptcy if your budget does not have cover reasonable living expenses and payments to your creditors. Living expenses and required payments must be reviewed on a case-by-case basis, but if you find yourself struggling to pay bills each month, you may qualify for bankruptcy.
When Ted Machi & Associates, P.C. evaluates your financial situation, we will not only evaluate your eligibility for bankruptcy. We will help you determine if it is wise or prudent to seed the protection of filing bankruptcy. Consider our on-line bankruptcy evaluation. It is free.
