You don’t need a minimum amount of debt to qualify for Chapter 7 bankruptcy. Filing for Chapter 7 can significantly impact ...

The means test assesses your ability to repay debts to determine eligibility for Chapter 7 bankruptcy. You automatically pass the means test if your household income is under your state's median ...

Chapter 7 is sometimes called liquidation bankruptcy. Individuals, as well as partnerships, corporations and other business entities, are eligible to file. However, you may not be able to file for ...

The two most common types of personal bankruptcy are Chapter 7 and Chapter 13, and each has distinct eligibility requirements and disqualifiers. Here are some of the factors that can disqualify ...

Bankruptcy is one of those topics that nobody wants to become an expert in, but sometimes you have no choice. The good news is that compared to 2021, there have been fewer bankruptcies in the U.S ...

To qualify for a Chapter 7 bankruptcy, your current monthly income must be less than the state median income. Otherwise, you’ll be subjected to a means test to determine your eligibility.

Open to businesses and individuals, Chapter 7 is usually the fastest and least expensive way to declare bankruptcy, making it an attractive option for many distressed debtors. Eligibility ...