Some people are on aware of the fact that there are restrictions on who can file for bankruptcy protection in the United States. In order to file for bankruptcy, such as Chapter 7 or Chapter 13, you must have a residence, live or operate a place of business or property in the country to meet eligibility requirements.
Additionally, you will have to take a means test which will determine if you are eligible for Chapter 7 bankruptcy or if you will have to file for Chapter 13 bankruptcy. If you decide to move forward with bankruptcy, you also have to participate in credit counseling as dictated by the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).
Some states may impose additional bankruptcy requirements. For this reason, if you are thinking about filing for bankruptcy in Houston, it is to your advantage to work with a Houston bankruptcy lawyer. Contact the Malaise Law Firm now!