Are you Eligible to File Chapter 7 Bankruptcy?

Chapter 7 bankruptcy can erase your unsecured debts - if you qualify. In order to file for Chapter 7 bankruptcy protection, you will need to meet certain requirements laid out by the bankruptcy courts: Means test, credit counseling and debtor education. More information on each of these requirements is listed below.

Chapter 7 Means Test This test, created by the government in 2005, determines whether you’ll be eligible to file for Chapter 7 bankruptcy protection.

• Chapter 7 Means Test Requirements: State Median Incomes

Credit Counseling Q&A By law, everyone must receive credit counseling briefing before they file Chapter 7 bankruptcy. Find out how you can complete the requirement online or over the phone.

Debtor Education Course By law, everyone must also complete a debtor education course before they receive their Chapter 7 debt discharge. Find out how you can complete this requirement online or over the phone.

Chapter 7 bankruptcy is a real debt solution for many people; however, not everyone is allowed to file for it. If you have questions about your Chapter 7 eligibility or you’re considering filing Chapter 13 bankruptcy, talk to a bankruptcy attorney today.