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Almost any individual, partnership, or corporation may file a chapter 7 bankruptcy petition if he or she live in, has a domicile, a location of business, or property in the United States. If you filed a prior bankruptcy petition and the prior proceeding was dismissed within the last 180 days, you may not be able to file a second petition.
If you pass the "means test" and complete the required credit counseling within six months prior, most people can file a Chapter 7.
Wiki User
∙ 13y ago
Wiki User
∙ 12y agoQualifications for who can apply for bankruptcy differ greatly according to which type of bankruptcy the individual or business/corporation wishes to file under. There are a number of different chapters, each with a different set of stipulations-most start with the monetary amount of the debt that has been accrued. There is usually a minimum amount that is different for each chapter. The article below goes over the various chapters and certain stipulations.
Wiki User
∙ 13y agoEligible persons are natural persons who have regular income and who possess noncontingent, liquidated, unsecured debts of less than $250,000 and secured debts of less than $750,000.
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Can you apply for a student loan after a filing for bankruptcy?
Only if the bankruptcy is currently discharged.
Can you apply for an apartment while in bankruptcy?
Yes
Can you apply to become an attorney if you have personally filed for bankruptcy in the past?
Yes, but you have to provide a copy of your bankruptcy file.
Can you file a bankruptcy an still apply for us citizenschip?
I think yes..there is no relationship between filing bankruptcy and apply for citizenship.filing bankruptcy is a personal issue its not a any crime or what.its true that it will be remain in your name for some years but it does not affect on your citizenship.
Can an old creditor ask for money if you did not include them in a Bankruptcy?
Yes. If they were not included then the bankruptcy doesn't apply to any debt owed to them.
How can one declare corporate bankruptcy in the UK?
To be considered bankrupt, a court has to issue a bankruptcy order against you. One can apply to the court for bankruptcy if they are unable to pay their debts.
Can a creditor apply bankruptcy for a 7500 amount?
Creditor don't apply for bankruptcy...debtors do. Bankruptcy is not for any particular item...it must be for everything you owe and everything you owe. All of the last is used to pay all of the first, and then any excess MAY be reduced or dissmissed.
How long after a bankruptcy can you apply for credit?
Do not worry about applying for credit after bankruptcy. The applications will come to you before the ink on the court documents has dried.
If I filed for bankruptcy months before my house was going to go into forclosure & the bankruptcy was complete,then my house was just about to go into forclosure can I still apply for the Obama mrtge relief plan even though I listed my house in the bnkrpc?
Yes, you can still apply for Mortgage Relief after filing bankruptcy.
Can you stop your bankruptcy while in process?
You will be discharged usually after 12 months, on the first anniversary of the bankruptcy order, but there are different dates which might apply to you.
Can you have cash and file bankruptcy?
Yes, but the amount depends on the exemptions that apply in your state.
What can you own when you go bankrupt?
If filing a federal bankruptcy, federal BK exemptions apply. If filing a state bankruptcy, the state's exemptions apply. A few states allow the debtor to choose either state or federal filing whichever is the most beneficial to the debtor. Bankruptcy Action, http://www.bankruptcyaction.com
