Are You Qualified For Bankruptcy?
Through bankruptcy, a debtor can stop wage garnishments, foreclosures, lawsuits and harassing phone calls from creditors. But not everyone qualifies to file for bankruptcy. Bankruptcy attorney Benjamin Ginter, who runs the Law Offices of Benjamin J. Ginter in Cranford, New Jersey, talks here about the factors involved to help you decide whether to file or not.
Over one million individuals and couples file for bankruptcy each year. The reasons vary from job loss, medical expenses, divorce to a small business failure. Whether or not you qualify for bankruptcy depends on a variety of factors. It may depend on how much debt you have, what kind of debt you have, whether you filed for bankruptcy previously within a certain number of years, why you filed for bankruptcy in the past, your income, and your other actions that led to this point.
