Chapter 7 Bankruptcy

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.

If you are looking for information about what happens after bankruptcy, click here.

For information about finding an attorney to help, click here. 

For more information about Chapter 7 bankruptcy, see:

• What Is Chapter 7 Bankruptcy? 
• Chapter 7 Income Threshhold  
  
• Assets You Can Keep In Spite Of A Chapter 7 Bankruptcy  
  
• Four Steps To Find Out If You Will Be Required To Make Repayments After Bankruptcy  
  
• Pre-Bankruptcy Counseling  
  
• Post- Bankruptcy Counseling  
  
• Complaints Against Approved Counseling Agencies  
  
• What is A Typical Chapter 7 Bankruptcy Process Like?
  

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