Do I Qualify For Chapter 7 Or Chapter 13?

If you are facing bankruptcy, you may be confused as to whether you should file for Chapter 7 or Chapter 13. The answer usually is a simple one: If you make too much money to qualify for Chapter 7, you will have to file for Chapter 13. However, there are some other issues that can determine which chapter you should file.

At Robinson Salyers, PLLC, in Frankfort and Shelbyville, Kentucky, our bankruptcy attorneys have extensive experience in this area. They can help you understand whether you should file for Chapter 7 or 13, and why.

Bankruptcy Means Test In Kentucky

Before you take any action, you should speak with a qualified bankruptcy lawyer. Too many people assume they do not qualify for Chapter 7 when they simply do not have all the facts. Discussing your income level and the means test for bankruptcy is a crucial step. Whether or not you qualify for Chapter 7 depends on several factors, including:

  • Court-ordered payments such as child support
  • Withholdings from pay for insurance
  • Loans against a car
  • Mortgages

Do not give up on the possibility of discharging your debt in Chapter 7 until our attorneys can thoroughly examine your financial situation.

If you go through the means test for Chapter 7 and do not qualify, Chapter 13 bankruptcy can help you reorganize your debt. Additionally, if you have fallen behind on house or car payments and want to keep those assets, you will need to file for Chapter 13.

Contact Us Today For A Free Telephone Consultation

Contact a lawyer before you decide to file Chapter 7 or Chapter 13 bankruptcy. Call us at Robinson Salyers, PLLC, in Shelbyville at 502-220-4439 or Frankfort at 502-257-5417, or send an email.