How do I know if I'm eligible to file for bankruptcy?

In order to file for bankruptcy in Texas, you must meet certain eligibility requirements. To begin with, you must not have filed for bankruptcy within the past 180 days. This time limit applies to all types of bankruptcy. You must also have a steady source of income, as well as a certain amount of debt. In Texas, the U.S. Bankruptcy Code requires individuals filing for bankruptcy to pass the “means test”. This test measures your current income against the median income for families of the same size in your area. If your income is lower than the median, you are likely eligible to file. In addition, you are not eligible to file for bankruptcy if you have previously been denied a discharge within the last 180 days. You must also have completed an approved credit counseling course within the past six months prior to filing. By understanding the eligibility requirements, you can determine if you qualify to file for bankruptcy in Texas. If you are unsure whether you meet the requirements, it is best to consult with a bankruptcy attorney who can discuss the specific details of your case and determine if bankruptcy is the right solution for you.

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How do I know if I'm eligible to file for bankruptcy?

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