Do the new Bankruptcy laws make it more difficult to file for Chapter 7?
Not necessarily. In 2005, Congress passed new laws regarding Chapter 7 eligibility. Before that time, everybody that wanted to file had the right to do so. Today, debtors must comply with the “means test,” which analyzes your debts, income, and ability to pay back your creditors. If you lack the “means” to pay off your debts, then you will likely qualify for Chapter 7, despite the additional hoops to jump through under the new laws. Most of our clients who have requested a Chapter 7 Bankruptcy in the past several years have qualified. If you don’t qualify for Chapter 7, you can still utilize the significant debt relief under Chapter 13. You can learn more about the new laws and other important Bankruptcy issues by clicking here. To schedule a free appointment with our motivated and skilled Houston, Texas Bankruptcy lawyer, please contact the Law Office of Nicholas R. Westbrook at 713-893-6204. You can also send an Email or complete our Free Case Evaluation. Stop letting debt ruin your
