What are the qualifications on applying chapter 13 bankruptcy rules?

2 comments

1. 

   Ariana Brooks on September 3, 2010 at 11:14 am

   What do you mean is what are the qualification on applying chapter 13?

   if that is your mean well If you are an individual with a regular source of income, you can develop a plan to repay your debts in a three to five year period by paying monthly or bi-weekly through the Chapter 13 Bankruptcy which also known as reorganization bankruptcy.
   But before you can file for bankruptcy, you must receive credit counseling from an agency approved by your country’s Trustee’s office. These agencies are allowed to charge a fee for their amenities, but they must provide reduced or even free counseling if you cannot afford to pay.
   Another qualification for this type of bankruptcy declaration is that, the repayment scheme you are proposing should show that you have a salary income with “disposable income.” Disposable income is the change from your basic necessity requirements such as food and utilities. This will go to pay your unsecured debts like credit card and hospital expenses.

   Hope it helps. I search on google and display lot of result try to read about it. Here’s the example site under my source.

2. 

   Max Hoopla on September 3, 2010 at 11:14 am

   Your question does not make sense. What are you really asking?