Online bankruptcy filing has recently begun to acquire popularity. Technology has allowed us to shop online, pay our bills online, and now even apply for bankruptcy online.
The purpose of bankruptcy is to assist individuals experiencing a financial crisis in resolving their situation without having to endure numerous foreclosures, repossessions, and wage garnishments. Now that bankruptcy filing can be handled online, more people may be willing to use this potent tool to rebuild their lives.
Online filing is one of the simplest tasks you will ever encounter. You need only use your preferred search engine to locate an online law firm to manage your case. Then, you will complete some preliminary paperwork from the convenience of your residence.
To determine eligibility for Chapter 7 bankruptcy, you must take a """"means test"""". This test takes into account your monthly income, the size of your family, and the amount of money required to cover your essential monthly expenses, including transportation to and from work. The test includes your monthly rent, utility expenses, monthly medications, monthly insurance premiums, child support payments, and alimony payments. When you have reported all of your monthly income and expenses, the amount remaining after deducting your monthly expenses is your disposable income. If you had enough disposable income, it would be used to pay your creditors.
After completing the means test, you will provide the online attorney with a few other fundamental pieces of information needed to file bankruptcy on your behalf, and then you will let them get to work. Once you have hired a law firm and filed for Chapter 7, creditors are prohibited from contacting you by phone, mail, or any other means to collect debts. No creditor is permitted to add any additional charges to your account or to repossess any item until you have had your day in court.
Your online attorney will manage all paperwork, including filing the correct documents with the appropriate court. The attorney will be available to provide direction and answer any queries. They will accompany you to all court hearings, and they will ensure that you have everything you need to attend. They will guide you through each phase of this procedure.""
" - https://www.affordablecebu.com/