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Chapter 7 Bankruptcy Eligibility

When individuals face financial difficulties, bankruptcy may be necessary to reestablish financial stability. Personal income determines the type of bankruptcy that a person is eligible to file for, and an evaluation method known as The Means Test is used to help individuals understand if their income is low enough to file for Chapter 7, as individuals earning too high of an income must file for Chapter 13 bankruptcy.

As of November 2013 the median Ohio income for a single earner was $43,057. As such, in most situations, individuals earning less than Ohio’s median income would be eligible to file for Chapter 7 bankruptcy. Cincinnati lawyer Ryan J. Ruehle Attorney at Law, LLC, can help individuals understand if they are eligible to file for Chapter 7 bankruptcy and, if they are, assist with the application process. For those eligible, Chapter 7 bankruptcy can help establish a financially secure future.

Debt Relief that Chapter 7 Bankruptcy can Offer

Many factors affect an individual’s eligibility to file for Chapter 7 bankruptcy. While this process can be confusing and complicated, a knowledgeable lawyer can considerably streamline the process. After successfully applying for and receiving relief through Chapter 7 bankruptcy, unsecured debts belonging to individuals may be fully discharged, including, but certainly not limited to:

  • Credit Card Debt
  • Medical Bills
  • Personal Loans

Though bankruptcy can be an overwhelming prospect, for many people, filing for Chapter 7 bankruptcy can be an important step in stabilizing their financial future.

Contact a Chapter 7 Bankruptcy Eligibility Lawyer in Cincinnati Today

If you are under considerable financial stress, discuss filing for bankruptcy with an experienced attorney. Knowledgeable legal help can considerably improve your financial situation. Attorneys with Ryan J. Ruehle Attorney at Law, LLC, has successfully helped many Cincinnati people regain financial stability through bankruptcy. To discuss your situation today, call (513) 621-0999.

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