What are the eligibility requirements for bankruptcy?
An example of an AI chatbot conversation about bankruptcy eligibility requirements.
What are the eligibility requirements for filing for bankruptcy?
To file for bankruptcy, you generally need to meet certain criteria, such as income limits and residency requirements.
What types of bankruptcy can I file for?
The most common types are Chapter 7 and Chapter 13. Chapter 7 is for liquidation, while Chapter 13 is for reorganization.
How does my income affect my eligibility?
Your income is assessed through a means test to determine if you qualify for Chapter 7 or if you should file for Chapter 13.
Are there any debts that can't be discharged?
Yes, certain debts like student loans, child support, and some taxes typically cannot be discharged in bankruptcy.
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