How do I know if I’m eligible for Chapter 7 Bankruptcy?

In order to know if you are eligible for Chapter 7 Bankruptcy in South Carolina, there are several factors to consider. First, you must pass the means test, which is a calculation that compares your household income to the median income of a household of the same size in South Carolina. If your income is below the median, you are likely eligible for Chapter 7 Bankruptcy. Second, you must not have filed for or received a Chapter 7 discharge within the last 8 years. Additionally, you must be able to show that you have completed a credit counseling course within the last 180 days prior to filing for Chapter 7 Bankruptcy. Finally, if you are self-employed or are a business owner, you must have had your business open for at least one year to be eligible for Chapter 7 Bankruptcy. If you have any questions about your eligibility for Chapter 7 Bankruptcy in South Carolina, it’s important to speak with a qualified attorney. They can help you better understand the laws that apply to your situation and advise you on the best course of action.

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How do I know if I’m eligible for Chapter 7 Bankruptcy?

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