Collier, FL asked in Bankruptcy for Florida

Q: How do i know i qualify to file bankruptcy

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2 Lawyer Answers
Answered
  • Bankruptcy Lawyer
  • Deltona, FL
  • Licensed in Florida

A: If your expenses exceed your income, you can probably file bankruptcy. That is the primary question. Your financial circumstances must be gone over by someone who does bankruptcy to find out if you can file a chapter 7 or whether you must file a chapter 13.

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Answered
  • Bankruptcy Lawyer
  • Fort Lauderdale, FL
  • Licensed in Florida

A: The biggest bar to filing a Bky is the Means Test. If you earn more than the average for your area, your case will be dismissed. You should also examine is your personal property is exempt - would hate to find out your gonna lose your car or bank accounts. Lastly, you should owe more than you can pay.

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