Am I Eligible to File Bankruptcy?

One of the common misconceptions about bankruptcy is that many people — high wage earners in particular — are not eligible. The truth is, everyone with debt problems is eligible to file bankruptcy. The questions are: what type of bankruptcy are you eligible for and which will best serve your individual needs?

I am Cherry Hill, New Jersey bankruptcy lawyer Joel R. Spivack. I dedicate my entire practice to helping people file Chapter 7 and Chapter 13 bankruptcy. With more than 25 years of experience practicing exclusively in the area of bankruptcy law, I am in a strong position to help you find the bankruptcy solution that is best for you.

Who Is Eligible to File Bankruptcy?

In New Jersey, you are eligible to file Chapter 7 bankruptcy if your earnings are either below the median income in New Jersey or you meet the bankruptcy means test. In addition, you must not have filed bankruptcy in the past eight years.

During your free initial consultation, we will determine whether your income is above or below the median income. From there, we will determine what assets you own, your income and your living expenses to see if you qualify under the means test. This will enable us to determine whether you are eligible for Chapter 7 bankruptcy.

Even if you make too much money to file Chapter 7 bankruptcy, or have filed bankruptcy in the past eight years, you can still file Chapter 13 bankruptcy. The key question is which form of bankruptcy is the best way for you to get rid of debts. The goal of filing bankruptcy is to protect the assets you want to keep, eliminate as much debt as possible, and stop adverse actions such as foreclosure, repossession and garnishment.

Learn more: When is Chapter 13 bankruptcy better than Chapter 7?

Schedule a Free Initial Consultation with a Cherry Hill Bankruptcy Attorney

To talk to me about what forms of bankruptcy protection you are eligible for, call me, Cherry Hill bankruptcy lawyer Joel Spivack, at 856-861-6203 or toll free at 866-488-2196. My regular business hours are 8 a.m. to 5 p.m., Monday through Friday. Free parking is available.

To read more about bankruptcy frequently asked questions, click here.

We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.