Chapter 7 Bankruptcy Qualifications There are a few different qualifications that a person must meet in order to file for chapter 7 bankruptcy. The debtor must pass a means test that looks at their income and expenses. The debtor must also show that they have tried to repay their debts but ...
Chapter 7.A chapter 7 bankruptcy lets individuals wipe out their debt and move on with a fresh start. Credit card debt, medical bills, repossessed vehicles, payday loans, cash advances and other unsecured loans can all be wiped out in a chapter 7. Usually you can keep all the property you...
Filing for Chapter 13 Bankruptcy A debtor who intends to file for Chapter 13 Bankruptcy must do so at the court for the area where they live. This process of filing Chapter 13 bankruptcy begins by completing a number of official forms which can be downloaded from the Internet. Then the comp...