There are many variables to look at when determining whether you can file Chapter 7 bankruptcy. However, to qualify for Chapter 7 bankruptcy in California, in most cases, you must meet the following basic requirements:
- Means Test: You must pass the means test, which compares your household income to the median income for a household of similar size in California. If your income is below the median, you can file for Chapter 7 bankruptcy.
- Residency: You must have lived in California for at least 91 days prior to filing for bankruptcy.
- Previous bankruptcy: You must wait the required amount of time before filing a Chapter 7 bankruptcy if you received a discharge in a previous bankruptcy case.
Additionally, you must complete a credit counseling course before filing for bankruptcy, and provide financial information, including a list of assets and liabilities, to the court.
It’s important to note that bankruptcy laws are complex and constantly changing, so it may be helpful to consult with a bankruptcy attorney to determine if Chapter 7 bankruptcy is the right option for you and to ensure that you meet all of the eligibility requirements.