"Mortgage arrears, taxes and domestic support obligations ... Eligibility requirements. Generally, with Chapter 7, your income must fall below the median income level of your state, or you may ...

If the debtor's income is lower than the median income ... are discharged in Chapter 7 bankruptcy. Taxes, student loans, and child support obligations are usually not discharged.

Chapter 7 bankruptcy is faster and cheaper than Chapter 13 bankruptcy, but it could involve selling your assets. Many, or all, of the products featured on this page are from our advertising ...