Qualifying for Bankruptcy

Although qualifications for bankruptcy vary by individual and situation, generally, one will qualify if his/her budget does not cover reasonalbe living expenses and payments to creditors. The "Means Test" provides a very complex calculation to make this determination, but if you find yourself struggling to pay bills each month, you may qualify for bankruptcy.

Unless you have have acted in "bad faith", you will qualify for bankruptcy according to your ability to pay all of your creditors after paying your living expenses. Acting in "bad faith" would include actions like spending lots of money on luxury items just before filing bankruptcy or committing identity theft.

Consumers in North Texas should consider the On-Line Bankruptcy Evaluation at DebtDrs.com.

Machi & Associates, P.C.
Principle office located in Arlington, Texas.

^*Ted Machi, Board Certified Consumer Bankruptcy Law, Texas Board of Legal Specialization. Barry Johnson, Board Certified Personal Trial Injury Trial Law, Texas Board of Legal Specialization. *Barry Johnson, Board Certified Criminal Law, Texas Board of Legal Specialization. All Other Attorneys Not Certified By The Texas Board of Legal Specialization.

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