Chapter 13 Eligible

The decision to file bankruptcy is never an easy one. You may even think you’re not eligible or unlikely to be approved for Chapter 13 bankruptcy. You are not out of options. You may be eligible for Chapter 13 under the following conditions:

  • If your net income is within the federal standards
  • If you do not have too much equity in your home
  • If you have filed Chapter 7 within the past eight years. (Note that this may not exclude you from filing Chapter 13)