Chapter 13 Bankruptcy Attorney In Scranton, Pennsylvania

First and foremost, a steady, consistent income is crucial – substantial enough to fulfill regular payments ordered by the court. This income can stem from various sources, not just employment. You could be eligible if you are a recipient of Social Security or disability benefits, retirement benefits, unemployment payment, or even rental income. Unfortunately, stock or commodity brokers do not qualify for a Chapter 13 bankruptcy. Similarly, corporations cannot apply for Chapter 13 relief. Conversely, sole proprietors and self-employed individuals have the possibility to qualify if their indebtedness falls within certain predefined limits. Moreover, if your debts extend over a period of three to five years, you are likely to qualify, provided you pass a means test to ascertain your eligibility. Tullio DeLuca, a seasoned practitioner of Bankruptcy Law in Scranton, Pennsylvania, can thoroughly evaluate your circumstances before filing to aid you in identifying if a Chapter 13 bankruptcy aligns with your best interest. To initiate the process, reach out to Tullio DeLuca at your earliest convenience.