Who Qualifies to File Bankruptcy?

Answer Filing for bankruptcy requires that the debtor meet various standards to determine if he is eligible for a particular type of bankruptcy.FeaturesBankruptcy is a way to reach a deal with creditors a... Read More »

Top Q&A For: Who Qualifies to File Bankruptcy

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 »

Did GM file for bankruptcy?

General Motors (GM) officially filed for bankruptcy on June 1, 2009. GM sold several of its brands, including Hummer and Saab, in an attempt to restructure the company. A slimmed-down GM emerged fr... Read More »

Can I file for bankruptcy on SSI?

You can file bankruptcy while receiving Supplemental Security Income (SSI). Federal law protects SSI payments from bankruptcy proceedings. However, SSI payments can be garnished to pay back taxes, ... Read More »

How to File Bankruptcy As an Indigent?

The recent changes to the bankruptcy law allow debtors to file an application for waiver of their filing fees if they are filing a chapter 7 petition, earn less than 150 percent of the poverty guid... Read More »