Who qualifies for Chapter 7 bankruptcy?
Answer:
Chapter 7 eligibility generally depends on household income, household size, the Texas median-income figures, the means test, and whether most debt arose from business activity.
Chapter 7 eligibility generally depends on household income, household size, the Texas median-income figures, the means test, and whether most debt arose from business activity.
Chapter 7 outcomes depend on income, exemptions, secured debts, and the nature of each obligation. Reviewing those details early helps determine eligibility and what property or debt may be affected.
For guidance tailored to your situation, speak with our Galveston Chapter 7 attorneys.