While the vast majority of individuals contemplating bankruptcy are qualified to file for Chapter 7, this is not always the case. The inability to satisfy the bankruptcy means test is perhaps the most prevalent reason why individuals cannot petition for Chapter 7. We have a separate subject page dedicated to the means test since it is quite involved. However, there are other qualifying conditions in addition to the means test. Other obstacles to filing for Chapter 7 bankruptcy are discussed below.
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Who Can’t File for Chapter 7 Bankruptcy?
You must fulfill certain conditions to be eligible for Chapter 7 bankruptcy.
Can I Declare Bankruptcy While Unemployed?
It is not necessary to be employed to petition for bankruptcy. However, if you file for Chapter 13, being jobless might have an impact on the success of your bankruptcy.
Is it possible for an unauthorized immigrant to declare bankruptcy?
If you are an illegal immigrant with a valid Social Security Number or ITIN, you may apply for bankruptcy.
When Can You File Again After a Previous Bankruptcy?
You will not be able to file for bankruptcy again if you file too soon after getting a prior bankruptcy discharge. Learn how frequently you may apply for bankruptcy and have your debts discharged.