Qualifying for bankruptcy
Qualifying for bankruptcy depends less on how much you owe than on what you earn and what you want to protect. Chapter 7 is open to filers who pass the means test. Chapter 13 is open to individuals with regular income whose debts fall within the federal limits. These articles explain both.
What Is Chapter 7 Bankruptcy?
Chapter 7 can erase credit cards, medical bills and other unsecured debts in a matter of months. See what it covers, what it does not, and what the automatic stay does from the day you file.
Does My Chapter 13 Payment Change With My Income?
Your plan payment is not set in stone. Learn how a plan is modified when your income falls or rises, and what happens if you cannot finish it.
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