Each chapter of bankruptcy is just a little different than the next. Chapter 7 and chapter 13 bankruptcy are both designed to help individuals who are dealing with an overwhelming amount of debt. The difference between who can file for which chapter in these cases is how much income you make. If you are making a steady income you would file for chapter 13, but if you are low income you would qualify for chapter 7 bankruptcy in Tucson. It can be confusing so it is always best to contact a Tucson chapter 7 bankruptcy attorney to make sure you are filing for the correct chapter.
Having someone from Eric Ollason Attorney at Law LLC a Tucson bankruptcy law firm, is helpful because they can explain to you exactly what items you are allowed to keep. Most of your assets will be liquidized to pay for the debts that you have and need to pay. There are some things that are exempt, and figuring out which those are, you will need a skilled lawyer to talk you through it. Eric Ollason Attorney at Law LLC are a bankruptcy law firm based in Tucson who will help you through this difficult time in your life.
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