Chapter 13 Bankruptcy Eligibility
Chapter 13 isn’t for everyone, it’s important you seek counseling or other bankruptcy alternatives before getting started. If you are determined to start your process it’s important to find out if you qualify and that you meet the requirements needed for it. Some requirements you may need to be eligible includes:
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Showing a regular income - you will need to prove to the court that you have a steady income.
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Current on tax filings
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Have not filed for any sort of other bankruptcy
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Be a business filing- this is only available for individuals and does apply to companies
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Debt Limits- There are limits to what amount may be available for this chapter, consult with our Chapter 13 bankruptcy attorneys in Indianapolis.
The process continues with additional requirements that include credit counseling and other debtor education course required by the government. Followed by that you will begin to file the process. Jackson & Oglesby Law, LLC can help you determine whether you qualify for Chapter 13 bankruptcy, contact our team today.