You do not have to Justify your Reasons for Filing Bankruptcy
March 13, 2015
Many people often feel as if they need to have endured a life crisis in order to have a substantial enough reason to file for bankruptcy. They think severe medical issues, loss of a home or job, or any other extremity is the only way to qualify for chapter 7. The fact of the matter is, many people find themselves stuck in a rut because of poor decision-making and that’s solely it. At the law office of Jeffrey J. Randa, you do not have to justify why you have or want to file for Chapter 7 bankruptcy. Whatever the reason may be that you are in the situation that you are in, it is okay. The bigger picture is that you are making a decision to do something about it. You may have not fully committed to filing just yet but even doing your research and reading this blog is a step
Thousands file for chapter 7 bankruptcy every month for reasons all across the board. One may have lost their job and racked up their credit cards to survive while another could have become addicted to gambling and remortgaged their house which is now underwater. There are people who have been victims of identity theft and then there are others who used “retail therapy” a little too often. Again, whatever the circumstances may be you do not have to validate them.
Often individuals ask how much debt they need to have in order to file for Chapter 7 bankruptcy, and the answer is there is no amount. You do not need to reach a specific amount of debt in order for your burdens to be discharged through the bankruptcy process. If you are eligible to file for chapter 7, you could owe $5,000 or you could owe $90,00. Never feel hesitant to contact a bankruptcy lawyer because you feel as if the amount of debt you have is too little to file on. If you find your self consistently being late on payments causing your interest charges to skyrocket and the light at the end of the tunnel is starting to burn out, it doesn’t matter if those payments are on a large sum or a small sum of debt; qualifications are based on other factors such as your household size and income.
Even though we do not expect you to justify you reasons for inquiring about bankruptcy we still do not treat our clients as a heard of cattle all in the same format. At our office we understand that every individual who speaks with us has a different situation than the one who previously called and that filing for bankruptcy is not a light subject that fits well on everyone’s laps. There often are a lot of questions and concerns when making the decision to file. You deserve someone by your side that you can rely on for support and answers throughout the process. Our office is a judgment free zone, we do not judge you on your past we only focus on giving you a brighter, financially sound future. Give our office a call today; someone will always be available for you to consult with during business hours and you will never have to justify your inquiry.