Who Can File for Chapter 7 Bankruptcy?

Chapter 7 bankruptcy is so powerful that there are limits on who may file. The eligibility requirements were established in 2005 when a series of new bankruptcy laws went into effect.

Can you file Chapter 7? That depends on many factors, including whether you can pass the Means Test.

In a Chapter 7 case, you are not required to pay back the eligible debts included in your filing that are…

Filing Bankruptcy And Student Loans Don’t Always Go Down Well!

When someone thinks of filing for personal bankruptcy and student loans make up a significant part of their debt, there is a fairly good chance the loans will not be discharged. In 1998, the year the government rules for bankruptcy were significantly changed, student loans where hit hard. Student loans were actually ruled to be non-dischargeable since a lot of financial institutions were simple losing to much money. Also, the…

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