Q: Can you file for bankruptcy if none of your bills f your bills are in collections
There are two basic tests for whether one is bankruptcy-
1. Inability to pay debts as they become due, and
2. If the total amount of your debts exceeds the total value of your assets.
Eligibility for specific chapters of bankruptcy are set forth in Section 109 of the Bankruptcy Code.
Timothy Denison agrees with this answer
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