Who Can File Bankruptcy?
At Equal Justice Law Group, one of the most common questions we hear is: Do I qualify to file for bankruptcy?
The short answer is, any person who lives / does business / owns property in the United States may file for bankruptcy.
The real question is: what type of bankruptcy is right for your situation?
And that's where the experts at Equal Justice Law Group set themselves apart from the rest. Headed by our experienced expert, David Foyil, our team will help you determine the absolute best course of action, based on your specific circumstances.
We begin by answering four basic questions, which we pose to every client we meet:
- Identify the debtor – in most cases, it's an individual or a married couple, but it can also be a business
- Determine the amount of debt owed, and the nature of the debt (secured or unsecured)
- Establish the amount and regularity of the debtor's income (if any)
- Calculate the value and nature of the debtor's assets (if any)
Once we have these four basic questions answered, we can proceed with a recommendation of bankruptcy filing for you.Begin the evaluation today. We invite you to contact us at Equal Justice Law Group. With offices in Sacramento, Sutter Creek and Placerville, we're nearby and ready to serve you. And as always, your case evaluation and initial consultation are both confidential and absolutely free.
This type of bankruptcy is for those with significant unsecured debt and little to no disposable income, where liquidation makes the most sense. California Means Testing determines the debtor's income level.
This type of bankruptcy is for those with a regular source of income who wish to maintain possession of certain assets. California Means Testing determines the debtor's income level.
This type of bankruptcy is primarily for businesses, allowing for a restructuring while continuing to conduct operations. In some cases, Chapter 11 is suitable for high-income, high-debt individuals who do not qualify for Chapter 13.
There are certain limitations on filing, based on past bankruptcies filed and their discharge date(s). Consult Equal Justice Law Group for more information if you have previous bankruptcies.