What are requirements for filing bankruptcy A. Stable income is available to pay off payment plan

Here are five strong signs that indicate you qualify for bankruptcy:

Your debts total more than half your annual income.

It would take five years (or more) to pay off your debt, even if you took extreme measures.

Your debt interferes with other essential aspects of your life, such as relationships and your ability to sleep.

You have little to no disposable income.

Your monthly income is below the median level in your state.