Three Things You Need to Have to File Bankruptcy in Lawrence, KS

Three Things You Need to Have to File Bankruptcy in Lawrence, KS

Many people are currently toying with the idea of applying for bankruptcy to get out of debt. Not all of those people will qualify, however. You might be eligible for debt relief in Lawrence, KS, in the form of bankruptcy if you have these three qualities.

More Than One Debt Account

First thing’s first. You have to have more than one debt account to be eligible for bankruptcy. The more open accounts you have with balances on them, the more likely you are to receive Debt Relief in Lawrence, KS.

Low Income

Your income also has to be very low to qualify for bankruptcy. You need to have an income that is lower than the state median. A good bankruptcy attorney will conduct a means test on you to see if you fall Within those guidelines. You can likely move forward with your request if you do.

Limited Disposable Income

Your attorney will also look at the amount of disposable income you have. For example, he will look at your debt versus your income and calculate how much you have left to live on each month. You might very well qualify for bankruptcy if your disposable income is extremely low, or you don’t have any disposable income at all.

Filing for bankruptcy will solve your creditor harassment problems right away. And therefore, you should contact an attorney to see if you qualify so that you can apply as quickly as possible.

Contact Joseph I. Whittman to schedule a consultation to discuss your possible bankruptcy qualification.

Three Things You Need to Have to File Bankruptcy in Lawrence, KS

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