Are You Eligible to File?
A means test will help you determine what chapter bankruptcy you are eligible to file. Anyone who has been discharged for a Chapter 7 bankruptcy within the last six to eight years cannot file if it’s possible for them to complete a Chapter 13 bankruptcy, which involves paying back some of the debt.
The Difference Between Chapter 7 & Chapter 13
Chapter 7 requires the debtor to have little or no disposable income. Additionally, debtors who file for Chapter 7 often do not have many assets. Chapter 13 is a more attractive option for those with income and assets, since it allows you to pay back most of your debt and retain your property.
