Nashville Chapter 7 Bankruptcy Lawyer
Chapter 7 bankruptcy is a powerful tool to help you break free of major debt problems. Not everyone is eligible for Chapter 7, however. If you are in the midst of a severe financial crisis and you want to learn about all of your options, you need to contact an experienced bankruptcy attorney. David F. Cannon, of the law firm of David F. Cannon, has devoted his career to helping people get debt relief though the bankruptcy process. He is a board-certified bankruptcy lawyer and has practiced in this field since 1991.
How Does a Person Become Eligible for Chapter 7 Bankruptcy?
In order to file Chapter 7 bankruptcy, you must have first received credit counseling from an approved credit counseling agency within 180 days of filing your bankruptcy petition. Our law firm can provide information on credit counseling if you need. The main sticking point for people who wish to file Chapter 7 bankruptcy is known as the "means test." The means test, enacted into law in 2005, has made filing Chapter 7 bankruptcy more difficult for certain people.
In order to pass the means test, your household income must be less than the median income for a household of your size. If your household income is greater than the median income, you may still be eligible to file Chapter 7 if your disposable income is not sufficient to repay a certain percentage of your unsecured debts. These calculations can be complex. Our law firm will help you see if you are eligible.
If you cannot file Chapter 7 bankruptcy, Chapter 13 bankruptcy, allows you to lower your debt payment and repay your creditors over 60 months. Whatever your situation, our law firm can give you the information you need to make an informed decision.
Contact a Chapter 7 Eligibility Lawyer at the Law Firm of David F. Cannon
Let us help you find out whether you qualify for Chapter 7 bankruptcy. Call 615-800-3725, toll free at 877-696-8680, or e-mail our law firm to schedule a confidential consultation.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.