On behalf of the Law offices of Chirnese L. Liverpool posted in Bankruptcy on December 6, 2010
If you are currently coping with difficult financial circumstances (i.e., mounting medical bills, crippling credit debt, missed mortgage payments), you may be considering the possibility of filing for Chapter 7 bankruptcy. While you have undoubtedly heard quite a bit about the financial lifeline presented by Chapter 7, you more than likely have questions about how the process actually works and what you can expect.
One of these questions may be whether or not you even qualify for Chapter 7 bankruptcy (please watch the video). You may have read online or heard from others that it is now very difficult to qualify for Chapter 7 due to the passing of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005. Fortunately, this is not the case.