How do I know if I am eligible for Chapter 13 bankruptcy? 12 Answers as of May 28, 2015

How do I know if I can file for bankruptcy?

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GARCIA & GONZALES, P.C. | Richard N. Gonzales
Meet with an experienced BK attorney (someone who have filed at least 2 or 3 thousand BK's). This will save you countless sleepless nights, and possible heartache if things are not handled properly.
Answer Applies to: Colorado
Replied: 5/28/2015
The Law Office of Mark J. Markus
The Law Office of Mark J. Markus | Mark Markus
The short answer to your question is to have a consultation with a bankruptcy attorney in your area.
Answer Applies to: California
Replied: 5/25/2015
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
To file under Ch. 13, you must have regular income (not necessarily from a job), and enough to pay your regular living expenses and whatever you are paying into the Ch. 13 Plan. You must not have more than about $370,000 in unsecured debt, r about $1.1 million in secured debt. Consult an experienced bankruptcy lawyer. It's worth it. Good Luck.
Answer Applies to: Wisconsin
Replied: 5/22/2015
The Law Office of Darren Aronow, PC
The Law Office of Darren Aronow, PC | Darren Aronow
Its easier for an attorney to tell you but basically if you have enough income to make some or all of payments for your debts then you would qualify for a chapter 13.
Answer Applies to: New York
Replied: 5/22/2015
A Fresh Start
A Fresh Start | Dorothy G Bunce
I suggest that you look at your budget. For chapter 13, you will want to have a goal that you are financially able to achieve over 5 years, such as catching up on your mortgage payments or paying off your priority tax debts. Putting together a budget can take some hard work on your part. Completing pre-bankruptcy credit counseling can be a useful tool to create a budget.
Answer Applies to: Nevada
Replied: 5/22/2015
    Charles Schneider, P.C.
    Charles Schneider, P.C. | Charles J. Schneider
    Most people qualify for a chapter 13 bankruptcy if they have an income.
    Answer Applies to: Michigan
    Replied: 5/22/2015
    Law Office of Michael Johnson
    Law Office of Michael Johnson | Michael Johnson
    Contact a bankruptcy attorney in your area. Most of us do allow for free consults to discuss your issues and see what is the best for you.
    Answer Applies to: Florida
    Replied: 5/22/2015
    Ronald K. Nims LLC | Ronald K. Nims
    To be eligible for a Chapter 13, you need to have a regular source of income (job, self-employment, social security, etc.) and can't have a mortgage larger than $1,100,000 or regular debts larger than $380,000. If your debts are larger, you could file a Chapter 11 bankruptcy. Which is similar to a Chapter 13 but meant for more complex situations.
    Answer Applies to: Ohio
    Replied: 5/22/2015
    Danville Law Group | Scott Jordan
    Do you have monthly income? Is your income more or less than your expenses (excluding credit card payments)? The best way to know if you can qualify is to ask a local bankruptcy attorney.
    Answer Applies to: California
    Replied: 5/21/2015
    Freeman Law Group, LLC
    Freeman Law Group, LLC | Derek Freeman
    Talk to an attorney about your situation. Most bankruptcy attorneys offer a free consultation, and they can look at your particular situation and tell you whether you qualify.
    Answer Applies to: Colorado
    Replied: 5/21/2015
    Musilli Brennan Associates PLLC
    Musilli Brennan Associates PLLC | John F Brennan
    Engage a bankruptcy attorney for counseling before you file.
    Answer Applies to: Michigan
    Replied: 5/21/2015
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