What Assistance Can a Bankruptcy Attorney in Martinsburg, WV Provide?

In West Virginia, consumers start a claim through bankruptcy when they cannot manage their debts themselves. The consumers take this step when it is impossible to pay off the debts by providing standard payments. A bankruptcy attorney in Martinsburg, WV can provide options for debt relief that help manage debts without major difficulties.

Qualifying for a Bankruptcy Chapter

Consumers must provide six months of income statements to start the qualification process. If they want to qualify for chapter 13, they must have an income that exceeds the current median income for the county. This current median is $51,100. The income statements must show that the income is greater or the consumer will qualify for chapter 7 only.

Finding the Right Credit Counseling Course

The consumer must complete a credit counseling course before the claim starts. However, they must acquire approval from the court for their claim first. The credit counseling course must be state-approved. The bankruptcy attorney can provide the consumer with a list of all state-approved courses available to them that present little to no cost to them.

Remaining Compliant with the Bankruptcy Chapter

The attorney provides the consumer with information about the guidelines of their claim. This enables them to remain compliant and avoid a dismissal of the case. The guidelines show that the consumer cannot start any new lines of credit during the bankruptcy claim, meaning that they cannot acquire new credit cards or apply for any new loans.

Reviewing Ways to Manage Additional Debts

The consumer’s disposable income is used to repay any additional debts that weren’t included in the claim. The disposable income is defined as any balance left over after the consumer pays their monthly household requirements and the bankruptcy payment. This doesn’t include any debts that were discharged in the claim.

In West Virginia, consumers start a bankruptcy claim to eliminate debts. The claims enable them to start a repayment plan or liquidate their estate. The court can eliminate some debts such as unsecured credit cards through the claim. Consumers who need help through a bankruptcy attorney in Martinsburg, WV can click here to get more info now.