Bankruptcy Qualification Tool:Estimate the total cost of filing for bankruptcy.
Chapter 7 Bankruptcy
"Liquidation" bankruptcy - Most debts are discharged (wiped out) in 3-6 months. You may lose non-exempt assets. Must pass the "means test."
Chapter 13 Bankruptcy
"Reorganization" bankruptcy - You keep assets but repay debts over 3-5 years based on your disposable income. For those who don't qualify for Chapter 7.
Your Basic Information
Bankruptcy laws, exemptions, and attorney fees vary by state
Include yourself, spouse, and dependents
Average Bankruptcy Attorney Hourly Rate in [State]:
$0/hour
Based on state average rates. Actual attorney fees may be fixed, not hourly.
Income Information
Before taxes and deductions. Include all sources: wages, self-employment, benefits, etc.
Debt Information
Credit cards, medical bills, personal loans (not including mortgage or car loans)
Do you have significant secured debts?
Asset Information
Estimated Home Equity
Home equity = Home value minus mortgage balance
Other Significant Assets
Case Complexity
How complex is your financial situation?
Simple = few assets, straightforward debts. Complex = business assets, multiple properties, tax issues.
Your Bankruptcy Analysis
Based on your information for [State]
State Median Income (for your household size)
$0
Your Household Monthly Income
$0
Annual Income Comparison
$0 below/above median
Estimated Bankruptcy Costs
State-specific Bankruptcy Attorney Hourly Rate:
$0/hour
Based on [State] average rates
Court Filing Fee (Chapter 7)$338
Estimated Attorney Fees$0
Credit Counseling Courses (2 required)$100
Estimated Case Hours (based on complexity)0 hours
Estimated Total Cost Range$0 - $0
Note: Many attorneys charge flat fees, not hourly rates. This estimate helps compare costs across states.
Estimated Monthly Disposable Income
$0
Recommended Plan Length
5 years
Estimated Monthly Chapter 13 Payment
$0/month
Estimated Chapter 13 Attorney Fees
$0
Important Considerations
Legal Disclaimer
This calculator provides estimates based on general bankruptcy formulas, median income data, and state-specific attorney hourly rates. It is NOT legal advice. Bankruptcy laws are complex and vary by state. Your actual eligibility, costs, and outcomes may differ significantly. Always consult with a qualified bankruptcy attorney in your state before making any decisions.
Median income data is based on U.S. Trustee Program figures. Attorney hourly rates are based on state averages and may not reflect flat fee arrangements common in bankruptcy cases.
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Ultimate U.S. Bankruptcy Eligibility Calculator: Chapter 7 vs Chapter 13 Guide 2026
⚖️ Meta Description: Use our free U.S. bankruptcy calculator to check Chapter 7/13 eligibility, estimate costs, and compare repayment plans. Learn how it works, key scenarios, and FAQs for 2026 bankruptcy rules.
🧾 What Is the U.S. Bankruptcy Calculator & Core Functions
Our U.S. Bankruptcy Calculator is a free, state-specific financial tool designed to help Americans evaluate their bankruptcy options quickly and accurately. It uses 2026 median income data, court fees, and average attorney rates to deliver reliable estimates.
✨ Key Features
🔍 Eligibility Test — Checks Chapter 7 means test (state median income).
📅 Chapter 13 Plan — Monthly payment & 3–5 year term.
🏠 Asset & Debt — Secured/unsecured, home equity analysis.
🗺️ State‑Specific — Uses exemptions & local costs.
100% free · no ID · perfect before attorney consult.
📌 How to Use the Bankruptcy Calculator Step-by-Step
1 Enter state & household
2 Monthly gross income
3 List debts (unsecured/secured)
4 Assets & home equity
5 Get report: eligibility, costs
⏱️ No registration · instant results · 5 min max
🎯 Best Scenarios to Use This Bankruptcy Calculator
💳 Struggle with minimum payments (credit cards, medical)
📞 Facing lawsuits, wage garnishment, collections
📉 Job loss, pay cut, medical emergency
🏡 Keep house/car → compare chapter 7 vs 13
👩⚖️ Pre‑attorney planning with estimates
⚖️ Understand state law impact
Trusted first step for 2026 bankruptcy decisions.
⚡ Chapter 7 vs Chapter 13 Bankruptcy: Full Comparison 2026
Aspect
Chapter 7 (Liquidation)
Chapter 13 (Reorganization)
Time to Complete
3–6 months
3–5 years
Eligibility
Must pass means test (income below state median)
Income above median or ineligible for Chapter 7
Asset Protection
May lose non-exempt assets (e.g., extra home equity)
Keep all assets if you make payments
Debt Discharge
Wipes out most unsecured debt
Discharges remaining debt after plan completion
Monthly Payments
None
Fixed monthly payments to creditors
Best For
Low income, few assets, heavy unsecured debt
Stable income, home/vehicle ownership, tax debt
Credit Impact
Stays on report 7 years
Stays on report 7 years
Student Loans
Rarely discharged
Rarely discharged
⬇️ Use calculator to see which type you qualify for in 60 seconds.
❓ Bankruptcy Calculator FAQs
Q1: Is the bankruptcy calculator accurate for 2026? ✅ Yes. Updated with latest median income, court fees, and attorney rates.
Q2: Are calculator results legally binding? ⚖️ No — informational only, not legal advice. Always consult an attorney.
Q3: Can I keep my house if I file Chapter 7? 🏡 Depends on state exemptions & equity. Calculator estimates risk.
Q4: How is household size calculated for the means test? 👪 Includes you, spouse, and dependents you support.
Q5: Does the calculator include attorney fees? 💵 Yes, uses state average flat fees.
Q6: Can student loans be discharged in bankruptcy? 📚 Almost never — requires “undue hardship” lawsuit.
🔎 Final Thoughts
Filing bankruptcy is a major decision — but you don’t have to guess. Our U.S. Bankruptcy Calculator gives you clarity, confidence, and a clear financial roadmap for 2026.