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Chapter 7 bankruptcy:

  • Is meant to eliminate all your debts and allow you to start over.  
  • Does not eliminate taxes, child support and student loan debt. 
  • Allows you to keep some assets.
  • Requires pre-and post-bankruptcy counseling.

To qualify for Chapter 7 bankruptcy, you must satisfy a "means test." If your income is above the means test, you may not get rid of all of your debt.


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