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Who is ineligible to file for Chapter 7 Bankruptcy?

You cannot file for chapter 7 bankruptcy if you can afford Chapter 13 Bankruptcy or if your monthly income can be assessed enough to pay down your debt in a more appropriate bankruptcy filing. It all depends on income and your financial state.

Reference: Stephen Elias, Albin Renauer, and Robin Leonard. 2007. How to file Chapter 7 Bankruptcy. Chapter 1, Pg. 17-18

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Posted on June 21, 2010 15:19 by method8
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Enter the Business discussion with questions or comments about a Business or Business topic that concerns you. Questions to keep in mind when responding: How will my information benefit others? ...Get all the facts about Business Topics or Comment about your own experiences. You can even tell your own Business Story.Learning from others and what they have accomplished is an important part of running your very own b...What Business people doBusiness people count, Business people balance, Business people take control, Business people direct...

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