Can I file for bankruptcy if my disposable income is less than what would be needed to pay off all debts over 5 years?

Question Details:

If I don't qualify for Chapter 7 bankruptcy (have tax debt from last year unpaid) and in Chapter 13, I don't make enough at my current job to pay for all of my non-dischargeable debt within 5 years time - does this prevent me from filing bankruptcy? Note: My total debt is less than the "max" unsecured debt allowed for bankruptcy.

Asked 2/8/2012 under Bankruptcy | 101 View(s) | More Legal Topics

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Bankruptcy Law Answers

Mark J. Markus / Mark J. Markus, Law Offices of Answered 3 months ago | Contributor This attorney is licensed in California

There's no simple yes or no answer to your question. It is far more complicated than that and the only way to determine which chapters you are eligible for and which is your optimal path is to have a comprehensive consultation with a bankruptcy attorney in your State.

I offer free initial consultations.

Mark J. Markus, Attorney at Law

Handling exclusively bankruptcy law cases in California since 1991.

http://www.bklaw.com/

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