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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Do I Qualify For Chapter 13?

If you are struggling with overwhelming debt, you may be wondering if filing for bankruptcy is the right solution for you. Chapter 13 bankruptcy, also known as a wage earner’s plan, is a popular option for individuals who have a regular income but are unable to pay off their debts. In this blog post, we will discuss the qualifications for Chapter 13 bankruptcy and help you determine if you are eligible.

To qualify for Chapter 13 bankruptcy, you must meet certain requirements. First and foremost, you must have regular income. This income can come from a job, self-employment, or even social security benefits. Your income must be sufficient to cover your living expenses and pay off your debts according to a court-approved repayment plan.

Second, you must have total debt of no more that $2,750,000.  This includes all debt, both secured and unsecured.  This limit is adjusted periodically to account for inflation.

Third, you must be able to show that you have filed your income tax returns for the past four years. If you have not filed your tax returns, you may need to do so before you can file for bankruptcy.

Fourth, you cannot have filed for Chapter 13 bankruptcy within the past two years or for Chapter 7 bankruptcy within the past four years. If you have recently filed for bankruptcy, you may need to wait before filing for Chapter 13.

Finally, you must complete a credit counseling course from an approved provider within 180 days before filing for bankruptcy. This course will help you understand your options for managing your debts and may suggest alternatives to bankruptcy.

Assuming you meet these requirements, you may be eligible for Chapter 13 bankruptcy. The next step is to consult with a bankruptcy attorney to determine if it is the right option for you. Your attorney will review your debts, assets, income, and expenses to help you decide if Chapter 13 bankruptcy is the best way to get your finances back on track.

If you do decide to file for Chapter 13 bankruptcy, you will need to work with your attorney to create a repayment plan that is approved by the court. This plan will allow you to pay off your debts over a period of three to five years while keeping your assets and property.

In conclusion, Chapter 13 bankruptcy can be a powerful tool for getting your finances back on track. If you have a regular income, owe less than the debt limits, have filed your taxes, and have completed credit counseling, you may be eligible for Chapter 13 bankruptcy. To learn more about your options and eligibility, consult with a bankruptcy attorney today.

Feel free to reach out to your Fairfield bankruptcy attorney at 707-385-0422

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