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chapter 7 bankruptcy Archives

How do I qualify for Chapter 7 bankruptcy?

If you are seeking debt relief, understanding how to qualify for personal bankruptcy protection is an important step in understanding your options. One type of personal bankruptcy is Chapter 7 bankruptcy. In general, there is a means test that is used to determine who is eligible to file for Chapter 7 bankruptcy.

How do I qualify for Chapter 7 bankruptcy?

Chapter 7 bankruptcy can provide a fresh financial start through a liquidation bankruptcy option. If you are considering this option, however, you may wonder how to qualify. If you do not qualify for Chapter 7 bankruptcy, additional options may be available and the court may convert the bankruptcy to a Chapter 13 bankruptcy if you have a reliable source of income. The point is to not despair because different personal bankruptcy protections and options are available for different situations.

Chapter 7 bankruptcy can help with a fresh financial start

Chapter 7 bankruptcy is an important tool for individuals struggling with overwhelming debt to be familiar with. There are certain requirements to qualify so individuals considering filing for Chapter 7 bankruptcy should be familiar with what those requirements are and, in general, with the Chapter 7 bankruptcy process and how it works.

The myths of bankruptcy shouldn't scare you away

When someone is considering bankruptcy, there will be many fears that run through their head. Are they going to lose all of their possessions? Will they ever recover from the bankruptcy? Will their credit be forever ruined? Will I ever get the chance to secure new lines of credit again?