Q: I owe 6 finance companys and 3 other on line accounts like ginnys,seventh ave,home at 5 do i qualify for bankruptcy
A: The issue of "qualification" for bankruptcy is complex. As an individual, you qualify to be a debtor (see section 109 of the bankruptcy code) but the issue of whether you should file bankruptcy requires an investigator by a competent bankruptcy lawyer as to the status of your assets, liability, income and expenses. For example, you might not qualify for a Chapter 7 bankruptcy (liquidation) if your debts are not primarily business debts and you make more money than the "means test" allows. The means test is the test to determine if you qualify for a Chapter 7 or a Chapter 13. The means Test is a function of the total household income and expenses, and not just the individual debtors income and expenses. The foregoing is only part of the complexity in answering your question but I recommend a conference with a competent bankruptcy lawyer to solve your problems.
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