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soulsvile

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what are the requirements to qualify for chapter 7

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Consult with bankruptcy attorney.

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Filling bankruptcy should be the very last option to consider since it will ruin your credit for the next 10 years.  I filed under Chapter 13 (wage Earner's Repayment Plan) over 20 years ago and am just now beginning to get things going much better for me. 

What type of debt do you have that you are considering bankruptcy? Student loans are generally not dischargable in bankruptcy.  Credit cards are a "non-secured" debt so that creditors cannot take away the house, car or go after your bank account to reclaim the funds you used so they wouldn't justify a bankruptcy.  

A bankruptcy attorney would be your best advisor in this situation because they know if it would be in your best interest to do so and the initial consultation is free.  They will charge a fee for doing the bankruptcy but it would be money well spent due to the complexities of bankruptcy law.  Please give this some deep thought before proceeding with a bnakruptcy filing.  

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