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Yes. But the qualifications vary greatly according to which type of bankruptcy you wish to file for. Some of the bigger factors in qualification include monetary amount of debt, current employment status, and property ownership. You have to apply for bankruptcy through a long process. Once the application is done, qualification will be determined. The article below has a breakdown of qualifications for different chapters of bankruptcy.

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Q: Do you have to qualify for bankruptcy?
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What type of bankruptcy do you qualify for?

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Is it possible to NOT qualify for chapter 13 bankruptcy?

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How does chapter 11 bankruptcy affect you?

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What are the new bankruptcy laws?

Visit the Bankruptcy Action website for an explaination of the new bankruptcy reform and a guide to determine what is needed to qualify for a chapter 7 or 13. http://www.bankruptcyaction.com Please visit Bankruptcy Action Com for information concerning the new state and federal bankruptcy laws. http://www.bankruptcyaction.com


What is the process on how to declare bankruptcy?

First consult a lawyer for which bankruptcy chapter you qualify for and let him/her assist you with the bankruptcy procedures as bankruptcy procedures are not the same in every case. Chapter 7 and Chapter 13 bankruptcies are the most common. For more information, visit these websites: http://howtodeclarebankruptcy.net/ and filepersonalbankruptcy.org/how-to-declare-bankruptcy/.