How do I know if I qualify for a Chapter 13 bankruptcy?

In Indiana, if you want to determine if you qualify for a Chapter 13 bankruptcy, there are certain criteria you must meet. First, you must have a regular source of income, which could come from full-time employment, self-employment, or Social Security benefits. Your current monthly income must also be sufficient to meet your monthly living expenses. This means that you must be able to pay your secured debts, such as a mortgage or car loan, and your unsecured debts, like medical bills and credit card debt. Additionally, you must not have had a bankruptcy case dismissed in the previous 180 days. You must also complete a credit counseling course. This course will help you understand the nature of the bankruptcy process and will give you information on debt repayment options. Once you complete the credit counseling course, you must also pass the means test. This test looks at your income and expenses to determine if a Chapter 13 repayment plan is feasible. Finally, you must have paid certain debts in the last 180 days. These include taxes, child support or alimony, and trust funds. If you meet these criteria, you may qualify for a Chapter 13 bankruptcy in Indiana.

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How do I know if I qualify for a Chapter 13 bankruptcy?

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