What are the criteria for claiming Chapter 7 bankruptcy?

Answer Courts don't have requirements on the amount of debt that individuals or businesses must have to file for Chapter 7 bankruptcy. However, debtors must meet other criteria to be eligible for this typ... Read More »

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What is the Criteria for Claiming Chapter 7 Bankruptcy?

When the times get really tough and you are having trouble paying your bills, one last resort you have is filing for Chapter 7, but you will only be approved if you meet the criteria.

How soon after filing a chapter 7 bankruptcy can you file a chapter 13 bankruptcy?

The U.S. Bankruptcy Code allows debtors to file for bankruptcy multiple times, but has changed the number of years you must wait between filings. Previously, a debtor could file under either Chapt... Read More »

Can you file Chapter 7 bankruptcy after filing a Chapter 13 six months ago that was dismissed?

You can file bankruptcy at any time, even if you filed six months ago, according to Bankruptcy Law Network. If the courts discharge your debt, however, you must wait four years between a Chapter 7 ... Read More »

Can a person file Chapter 13 while in a Chapter 7 bankruptcy term?

You cannot file Chapter 13 while in a Chapter 7 bankruptcy term. Chapter 7 is known as "straight bankruptcy" and it gets rid of outstanding debts. However, if you file Chapter 13 bankruptcy, you ha... Read More »