Do I Qualify to File Bankruptcy?

You must qualify to file a Chapter 7.Your income must be within a certain range and your debt and expenses have to be a certain amount.

However, there is no magic number. Your ability to file a chapter 7 bankruptcy depends on many different factors. Accordingly, your attorney must know how to analyze and evaluate your income and expenses before giving you advice as to which option to take. Your answers below will allow us to do that.

Estimated Completion Time 10-15 minutes.

Name

Email Address

Phone

Are you married?
  

How many children do you have?

1. Rent or home mortgage payment $
A. Are real estate taxes included?   
B. Is property insurance included?   
2. Utilities:
A. Electricity and heating fuel $
B. Water and sewer $
C. Telephone $
D. Other (internet, cable, etc.) $
3. Home maintenance (repairs and upkeep) $
4. Food $
5. Clothing $
6. Laundry and dry cleaning $
7. Medical and dental expenses $
8. Transportation (gas, oil, tires, etc.) $
9. Recreation and entertainment (including subscriptions, etc. $
10. Charitable contributions $
11. Insurance (not deducted from wages or included in home mortgage payments)
A. Homeowner's or renter's $
B. Life $
C. Health $
D. Auto $
E. Other $
12. Taxes (not deducted from wages or included in home mortgage payments)
(Specify) Home property taxes $
13. Installment payments:
  Item purchased Name of
finance co.		 Still owed Monthly payment Months left
A. Auto $ $
B. $ $
C. $ $
D. $ $
14. Alimony maintenance and support $
15. Payments for support of additional dependents not living at your home $
16. TOTAL MONTHLY EXPENSES (Report also on Summary of Schedules) $
17. Describe any increase or decrease in expenditures reasonably anticipated to occur within the year following the filing of this document.
18. YOUR MONTHLY INCOME
A. Total monthly income $
subtract   i. Tax deductions $
subtract   ii. Other deductions $
Description of other deductions
B. Net income (income minus deductions) $