Which chapter do I qualify for?

How do I know if I qualify for a Chapter 7 Bankruptcy or if I need to do a Chapter 13 Bankruptcy?


  • Wonderful question! As a general rule, whether you qualify to file a Chapter 7 Bankruptcy or need to consider a Chapter 13 Bankruptcy is determined by your income and expenses. For example, imagine that your credit card debt and other debts are now gone. Do you think you have the ability to make payments back to your creditors? If not- and your money is used to strictly pay reasonable and necessary bills, you likely will be a Chapter 7 Bankruptcy. If, on the other hand, you think you do have money left over, you might be a Chapter 13 Bankruptcy. Either bankruptcy provides substantial relief- it's just different forms of relief. Thanks for asking a question on Minnesota's only bankruptcy forum!

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