 TITLE: Can I File for Bankruptcy With $35k in Credit Card Debt? CONTENT: What Are the Requirements for Bankruptcy?\n-----------------------------------------\nThe requirements for bankruptcy depend on the type you're hoping to file. To file Chapter 7 bankruptcy, for instance, your income in the previous six months must be lower than the median income for households of the same size in your state. If it isn't, you can undergo a means test that assesses your financial status and ability to pay your debts.\nOther factors the court considers include how long it's been since you last filed bankruptcy, whether you've completed a credit counseling course and the reason behind the filing.\nUnder Chapter 13 bankruptcy, you must have enough income to make the monthly debt payments outlined in the reorganized debt plan. You must have also filed a tax return in all of the previous four years. The court will also consider the amount of your debt—you can't, for example, have more than $419,275 in unsecured debt—as well as whether you've completed a credit counseling course and more.\nIf you're not sure whether you qualify for bankruptcy, search for an attorney in your area who is willing to do a free consultation to assess your situation and provide you with expert advice. END