Services

Qualifying For Bankruptcy

Many people facing serious financial challenges who are eligible for bankruptcy protections decide not to apply because they fear that they will be turned away. Misinformation from the media about the changes to the bankruptcy laws in 2005 have left people more confused and worried than ever about what options they have.

If you are struggling against overwhelming debt or a personal financial crisis, it is important to get the information you need to make the right decision.

Northwest Indiana affordable bankruptcy attorney Toma Makedonski has worked with thousands of bankruptcy clients. He knows the stress and confusion people face about bankruptcy, and he spends the time to fully evaluate your situation and let you know how to proceed. It costs nothing to schedule a free consultation to find out if you qualify for bankruptcy protection.

COMPARING INCOME TO EXPENSES

There are many different myths floating around about bankruptcy. One of those is that only the very poor can file for Chapter 7 liquidation bankruptcy. The bankruptcy qualification process is more complex, and it involves a thorough accounting of what you make, what you have and how much you owe in conjunction with your living expenses.
Determining a client’s bankruptcy qualification isn’t just about how much a client makes or is worth. It is a determination of how your income measures up to your expenses. The gap between income and expenses is crucial for determining what options are available to you.