Can I File for Bankruptcy?

How to Find Out if you are Eligible for Bankruptcy

Bankruptcy Specifications

There are a few limitations on who is able to file for bankruptcy protection in the Usa. For you to be qualified, you have to reside, have a place of abode, place of business or property in the United States. You have to complete a means test to see whether you arequalified for Chapter 7 Bankruptcy or if you must file under Chapter 13. The means test, together with a condition for credit counseling, was put into the bankruptcy procedure by the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).

For Chapter 7, you cannot have already been given a discharge under Chapter 7 or finished a Chapter 13 repayment plan within the previous six years. You additionally mustn't have got a bankruptcy filing dismissed for cause in the past one hundred and eighty days.

Specifications under Chapter 13 Bankruptcy demand that you hold a consistent income, have below $250,000 in unsecured debt and under $750,000 in secured debt.

Can I File For Bankruptcy - Your Next Steps

As soon as you determine if you will be able to file, the next step is finding out How To File Bankruptcy. Your best option is to seek advice from a bankruptcy lawyer who is able to assess your case for free and guide you how to move forward.

Talk over Your Case with a Bankruptcy Attorney for FREE!
If you want to find out more about how Bankruptcy can help to better your economic predicament, please complete the form below. A local bankruptcy lawyer will get in touch with you and address your concerns for free. Don't delay -- Get Help Today!