More and more people are attempting to file for bankruptcy after learning that they can wipe their debts clean. What most of these people don't know, however, is that not everyone will qualify for bankruptcy.

If you are considering Chapter 13 bankruptcy as a solution to your financial problems, there are a few items that you need to become familiar with, as well as the myths that often accompany it. In the past Chapter 13 bankruptcy has been associated with the jobless. However, this is completely false as you must have a job, and prove that you have a steady source of income, to qualify for this type of bankruptcy. 

In other cases people have come to believe that a high income will disqualify you from Chapter 13 bankruptcy. In most cases this is incorrect. Since you must prove that you can pay off your debts through a monthly payment plan, the more income you have coming in, the better your chances of qualifying for Chapter 13 bankruptcy are.

Contact us to get immediate assistance from a Houston bankruptcy attorney!