How do I know if I am eligible for Chapter 7 Bankruptcy?

To determine if you are eligible for Chapter 7 Bankruptcy in Virginia, there are a few criteria that must be met. To begin with, you must have a regular source of income that is sufficient to cover your basic living expenses. If not, you may be able to reorganize your debts under Chapter 13. In addition, you must also be a resident of Virginia and must have lived in the state for the past 180 days. In Virginia, there is a means test to determine if you meet the eligibility requirements for Chapter 7 Bankruptcy. The test compares your income to the median income for a family of the same size as yours in the state of Virginia. If your income is lower than the median family income for the state, then you may qualify for Chapter 7 Bankruptcy. Finally, you must attend a two-hour credit counseling session and complete an approved personal financial management course after filing for Chapter 7 Bankruptcy. In summary, to determine if you are eligible for Chapter 7 Bankruptcy in Virginia, you must have a regular source of income, be a Virginia resident, have an income below the

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How do I know if I am eligible for Chapter 7 Bankruptcy?

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