I want to know if I qualify for bankruptcy – what are the eligibility requirements?
By: LawInfo
Depending on the type of bankruptcy proceedings that you wish to file, there are different eligibility requirements that are set by federal law, and thus apply equally to all states. For instance, there are household income eligibility requirements for persons who wish to file Chapter 7 bankruptcy in order to completely discharge their debts. On the other hand, there are limitations on the types and amounts of debts that you can have if you are looking to file for Chapter 13 bankruptcy reorganization proceedings. Therefore, your eligibility to file bankruptcy will vary based on your personal financial situation and the type of bankruptcy relief that you are seeking.
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Additional Chapter 13 Bankruptcy FAQs
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Q:
Do I need an attorney to file for Chapter 13 Bankruptcy?
A: While an attorney is not required to file for Chapter 13 Bankruptcy, it is strongly encouraged that you retain a qualified bankruptcy lawyer to help you through the … More -
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Can I file for bankruptcy every few years?
A: No. Once a discharge is granted, a debtor who filed under Chapter 7 or 11 is prohibited from filing for another 6 years. However, a debtor who filed under Chapter 7 … More -
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How will a lawyer help with my Chapter 13 Bankruptcy?
A: A skilled Chapter 13 bankruptcy lawyer will be able to help you: Determine whether a Chapter 13 Bankruptcy is right for your specific financial situation; Understand … More -
Q:
What is a bankruptcy trustee and who is the United States trustee?
A: In all chapter 7, 12, 13 and in some chapter 11 cases, a case trustee is assigned. In chapter 7 cases they are called Panel Trustees. In chapter 12 and 13 cases they … More -
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How much does a Chapter 13 Bankruptcy Attorney cost?
A: A Chapter 13 Bankruptcy Attorney’s fees vary depending on many factors including your geographical location and complexity of your case. Chapter 13 bankruptcy … More -
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Will my Chapter 13 Bankruptcy case be stronger if I use a lawyer?
A: Simply put, yes. Chapter 13 Bankruptcy laws are complex and one wrong move could mean the difference between a successful case and one that is not. Chapter 13 cases … More
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