Bankruptcy allows individuals and businesses gain a fresh start by having their debts discharged or restructures. Most people can file bankruptcy, however, you may be ineligible based on assets, transfer, prior bankruptcy filings, or having a household income above the medium income based on the Internal Revenue Service guidelines (the “Means Test”). Other times, individuals and businesses choose to not file bankruptcy for personal reasons. There are alternatives to explore including debt settlement, business and corporate wind-down, defense litigation, debt negotiation and restructuring, and more. Call our attorneys at Gregory K. Stern, P.C. to discuss your options.