Bankruptcy Myth: My friend filed Chapter 7. I can too.

“My neighbor filed for Chapter 7 bankruptcy and was approved. I’m sure I will be approved, too.”

This statement is false. In order to qualify for Chapter 7 bankruptcy, every debtor must undergo a “means test.” The means test will compare your family’s median income to that of other families in your state. If your income falls below your state’s median income, you can file for Chapter 7 bankruptcy relief. If your income is above the median income for your state, you cannot file for Chapter 7 bankruptcy. Contact the Philadelphia Bankruptcy Lawyer to discuss other debt relief options.

Glenn A. Brown, Esq.

Attorney Glenn Brown and the Real World Law team provides legal protection to homeowners and businesses in eminent domain and condemnation actions, commercial and residential real estate closings, and other litigation matters. If you're a property owner in need of legal protection, contact our law firm. We've two convenient office locations, serving communities in and around Upper Darby, PA and Wilmington, DE.

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