Eligibility to file and benefit from a bankruptcy action under the Bankruptcy Code is not a matter of "how much you make"; although, income can affect, and be affected by, the bankruptcy action.
Title 11, United States Code, section 109, defines who may be a debtor under the Code. Central to this is the condition of insolvency, which is defined in 11 U.S.C. §101(32):
"[t]he term "insolvent" means-
(A)with reference to an entity other than a partnership and a municipality, financial condition such that the sum of such entity's debts is greater than all of such entity's property, at a fair valuation, exclusive of-
(i)property transferred, concealed, or removed with intent to hinder, delay, or defraud such entity's creditors; and
(ii)property that may be exempted from property of the estate under section 522of this title..."
There is not a set figure that bankruptcy courts are looking for when reviewing bankruptcy applications. Rather, they employ what is known as a "means test" in which is the first step in the application process. This is a complicated calculation that determines your ability to pay your creditors. It also compares your financial status to the average person in your area. If you pass this means test, you are allowed to file a Chapter 7 claim in Bankruptcy court - otherwise, you can only file a Chapter 13 bankruptcy claim.
ask a layer or banker
You do not have to be unemployed to file bankruptcy.
You cannot be denied a passport for filing bankruptcy.
You can file bankruptcy again 7 years after the last time you filed.
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
is it safe to file for voluntary dismissal of chapter 13 bankruptcy
Yes.
Generally yes.
In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy
If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.
Yes.
Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.
Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income