Do I Qualify for Bankruptcy Arlington, Fort Worth, Dallas, Mansfield

Do I Qualify for Bankruptcy

Often, the first question asked by a person contacting our office is "Do I qualify for bankruptcy?" Qualifications for bankruptcy vary by individual and situation, but generally, you qualify for bankruptcy if your budget does not have cover reasonable living expenses and payments to your creditors. Living expenses and required payments must be reviewed on a case-by-case basis, but if you find yourself struggling to pay bills each month, you may qualify for bankruptcy.

When Ted Machi & Associates, P.C. evaluates your financial situation, we will not only evaluate your eligibility for bankruptcy. We will help you determine if it is wise or prudent to seek the protection of filing bankruptcy. Consider our on-line bankruptcy evaluation. It is free.

Can You Expect to Qualify for Bankruptcy

Unless you have have acted in "bad faith", you will qualify for bankruptcy according to your ability to pay all of your creditors after paying your living expenses. Acting in "bad faith" would include actions like spending lots of money on luxury items just before filing bankruptcy or committing identity theft.

Qualifications for Chapter 7 bankruptcy and qualifications for Chapter 13 bankruptcy differ, and Ted Machi & Associates will help you decide which may be right for you. Contact us today for free evaluation of your position. If you are struggling to pay your bills, we can help. You can make a fresh start.

 

The Debt Doctor on TV

Have you seen the Debt Doctor on TV. He has shown us how bankruptcy is not as scary as you might think, and some credit counselors fail to tell the whole story. Below are couple of the Debt Doctor's Commercials.

More Debt Doctor Commercials are here.

Famous and Bankrupt

Arlington bankruptcy lawyerThe list of famous people who faced bankruptcy is long. A short list includes P.T. Barnum, Lorraine Bracco, Kim Basinger, Toni Braxton, Lenny Bruce, Buffalo Bill, Tia Carrere, George Clinton, Francis Ford Coppola, David Crosby, Walt Disney, Jim Dooley, William C. Durant, Mick Fleetwood, Zsa Zsa Gabor, Marvin Gaye, Ulysses S. Grant, Archie Griffin, Corey Haim, Dorothy Hamill, MC Hammer, Isaac Hayes, Milton Snavely Hershey, Ronald Isley, Don Johnson, Margot Kidder, Larry King, Suge Knight, Cyndi Lauper, Jerry Lee Lewis, Abraham Lincoln, Meat Loaf, Lisa "Left Eye" Lopes, William McKinley, Willie Nelson, Wayne Newton, Ted Nugent, Thomas Paine, Tom Petty, Tammy Wynette, Oscar Wilde, Mark Twain, Lawrence Taylor, Burt Reynolds, Willie Nelson, George Foreman, Sheryl Swoopes, Mickey Rooney, Donald Trump.

 
 

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