I heard you can't file bankruptcy anymore?
Not true, recent amendments to the bankruptcy code which took effect in October 2005 have put limitations on the availability of the chapter 7 liquidation for higher income debtors, however, we have found that most of our clients still qualify for the chapter 7 liquidation.
If a debtor's current monthly income is more than the state median income then in order to qualify for a chapter 7 a debtor will be subjected to a "means test" to determine whether the chapter 7 filing is presumptively abusive.
Will my creditors quit harassing me?
Yes, by law, almost all actions against a debtor must immediately cease once the bankruptcy petition is filed. Creditors cannot start or continue lawsuits, foreclosures, wage garnishments, or telephone calls.
We are a debt relief agency. We help people file for relief under the bankruptcy code.