With economic recovery under way, many people are securing new jobs and better income. If you have a new job and have improved your income, does it mean that you no longer qualify for bankruptcy? There is a good chance you still qualify for bankruptcy. There are many ways to qualify for bankruptcy. The most common measure is to compare your income to median income thresholds for bankruptcy qualification. It depends on how many people you have in your household. The income level that can qualify you for bankruptcy is measured by taking an average gross income per month for the past 6 months. So, if you recently started to increase your income, your average income level for the past 6 months may still be below the median income levels to qualify for bankruptcy. Our Riverside bankruptcy attorneys and Orange County bankruptcy attorneys can help you find out if you fit within the median income levels.
You can further secure your future by protecting your new income rather than surrendering your income to pay all of your creditors that were not able to help you when you lost your job in the first place. If you recently secured a good job, you will need some time to recover from the financial difficulties you faced while you were unemployed. Even if your income is now more stable, you need to find the fastest way to recover from your past due debt so that your income will not all be going to your creditors. You can quickly start saving money again if your old unsecured debts are managed in a bankruptcy. You’ve already suffered enough through this economic downturn. Bankruptcy can help you turn misfortune into stability as efficiently as possible.
Our expert Riverside bankruptcy attorneys and Orange County bankruptcy attorneys are ready to help you find the best solution for your situation. You can call 855 257-7671 to set up an appointment at our Riverside or Tustin office. locations.