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Category: Chapter 7

Chapter 7 Means Test

May 18, 2017 | Posted in Chapter 7

According to a simple textbook definition, the Chapter 7 means test is a parameter to determine whether a family or an individual is sufficiently qualified for a financial assistance program or not. One of the commonest applications of the means test is in determining the qualification of an individual for filing a chapter 7 bankruptcy. […]

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Chapter 7 Eligibility Criteria

May 16, 2017 | Posted in Chapter 7

Until a few years back, the eligibility of an individual for filing a bankruptcy petition under chapter 7 was determined solely by the judge of the U.S. Bankruptcy Court. As a result, there were hundreds of filers who got their debt discharged under chapter 7, even when they were quite capable of repaying it through […]

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Chapter 7 Bankruptcy Affect On Credit Scores

March 14, 2017 | Posted in Chapter 7

One of the most common types of bankruptcy filed in the country is Chapter 7 Bankruptcy. This type is the process of liquidation as stipulated in the bankruptcy laws of the United States. Chapter 7 is helpful when you find yourself in a situation where you are unable to repay your debts. One thing to […]

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Chapter 7 Bankruptcy Preparation Questions

February 28, 2017 | Posted in Chapter 7

Being in debt and unable to make payments is stressful. Things like creditor harassment, lawsuits and damaged credit make it worse. When it comes time to seek debt relief through bankruptcy it is important to ask Chapter 7 bankruptcy preparation questions. Take the time to speak to a Fairfield OH bankruptcy lawyer about what to expect. Chapter […]

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How the Chapter 7 Means Test Works

December 13, 2016 | Posted in Chapter 7

One of the reasons a chapter 7 bankruptcy is one of the most sought after forms of bankruptcy is that it offers the quickest route to debt relief. Debts can often be resolved in a matter of months, giving you a fresh start. In order to your debts discharged through chapter 7, you must pass […]

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What is a liquidation bankruptcy?

November 3, 2016 | Posted in Chapter 7

Liquidation bankruptcy is one of several names for Chapter 7 bankruptcy in the United States. Chapter 7 bankruptcy is also sometimes referred to as straight or ordinary bankruptcy since it is the most commonly used type of bankruptcy in America. As the name implies, Chapter 7 bankruptcy involves the gathering and selling of the debtor’s […]

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A Chapter 7 No Assets Bankruptcy

August 18, 2015 | Posted in Chapter 7

Going bankrupt is not easy at least in the beginning. It usually takes some time before a person comes to the decision to take advantage of this type of debt relief. At this point most are being hounded by their creditors and are under a great deal of stress. Then once the decision is made […]

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Eliminating Debts In Chapter 7

June 2, 2015 | Posted in Chapter 7

Those that are entering into a chapter 7 bankruptcy do so with the hopes of having all of their debts discharged. Their financial situation has gotten serious and they no longer can make payments or keep up with their financial obligations. They are hoping for a bankruptcy discharge. What a discharge does is makes it […]

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The Many Steps Of Chapter 7 Bankruptcy?

April 7, 2015 | Posted in Chapter 7

While any form of bankruptcy may seem overwhelming and perhaps a little frightening for you, the Chapter 7 Bankruptcy when the steps are followed correctly usually runs smoothly. Your Fairfield bankruptcy attorney will keep you informed as to each stage of the bankruptcy. Navigating The Process It will begin with you having to complete a […]

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Chapter 7 Bankruptcy & Your Future

March 12, 2015 | Posted in Chapter 7

When a person is in deep financial difficulty it is hard for them to focus on anything but the current situation. Time is spent on trying to find a solution for the problem. This is the point where many arrive at considering bankruptcy as the solution. They are thinking of this as being the immediate […]

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