Can my 20 year old daughter file for bankruptcy? 28 Answers as of June 20, 2011

Yes, age is no barrier. It's just debts v.s. income and assets v.s. liabilities.

Yes, she's an adult at 18.

Yes, she can file if she passes the means test. However, she should contact a local attorney and see if BK is the best option for her. Generally, I don't recommend such a young person to file bc of the negative impact it will have on her credit so early in life.

Yes. Any adult can file for bankruptcy.

There is no age limit on filing bankruptcy.

Probably, she should seek the advice of a Bankruptcy Attorney to evaluate her circumstances. Note that students loans and IRS debt is not dischargeable.

Yes, if she has bills and needs bankruptcy relief, she can file.

Yes, so long as she has reached the age of majority, 18 in most states, she is eligible to file bankruptcy for herself without doing so by "next friend," that is, by someone that is of age.

Yes. Whether she should file depends on her individual situation. She should consult with a bankruptcy attorney.

Yes, your daughter can file bankruptcy. However, she should consult a bankruptcy attorney. The amount of debt she has might seem insurmountable now, but you have to take into consideration that she cannot file another Chapter 7 bankruptcy for eight years (which is what I am assuming that she would file), which can be huge detriment when someone files the first time at such a young age. There may be other options, such as working out some kind of settlement plan, that might be a better alternative. Good luck to both of you!