The enactment of new personal bankruptcy laws changed filing requirements substantially, yet the effect is much overrated. Most people still qualify under both Chapter 7 laws and regulations for Chapter 13 cases. Questions about filing are natural, and each person considering the benefits available today should understand recent changes in the law, options for discharge, and qualification requirements before committing to any alternative.
Affordable legal help is essential to qualify each option available today. Many private companies and services offer alternatives that, at first glance, seem highly desirable. Yet many commercially popular offers also create a ripple effect upon legal rights that may severely compromise future personal bankruptcy options. Before you begin, consider the following:
The best personal bankruptcy lawyers and law firms evaluate each personal circumstance before offering legal advice. Filing Chapter 7 or Chapter 13 plans should be a last resort, after discussing all legal options and commercial alternatives with a personal bankruptcy attorney.