Can I File for Chapter 7 Bankruptcy?

by DeLadurantey Law Office, LLC on January 17, 2012

Although filing for bankruptcy can help you achieve debt forgiveness so you can start working to rebuild your credit, the bankruptcy process isn’t quite as simple as filling out paperwork and signing your name. Debtors must first take several steps to show they qualify for and are good candidates for Chapter 7 bankruptcy. As a debtor, it is important that you understand these requirements so you can make sure you can file for this specific chapter.

Chapter 7 Bankruptcy Eligibility

After recent changes to the bankruptcy process, you may be ruled ineligible for Chapter 7 bankruptcy for any of the following reasons:

  • You have filed for bankruptcy in the past eight years
  • You were found guilty of defrauding creditors
  • You did not meet the means test and have an income above the state median
  • You are financially able to pay back debts on your own
  • You had a bankruptcy dismissal in the past 180 days
  • You have not completed the credit counseling course within 180 days of filing

At the DeLadurantey Law Office, LLC, a dedicated Milwaukee bankruptcy lawyer can help you go over the requirements for Chapter 7 bankruptcy to make sure that this is the right plan for you. If not, we may be able to find another type of bankruptcy to fit your needs.

If you or someone you know is suffering financially and considering bankruptcy, you need to speak with a qualified legal representative about your options. For more information about your case and how bankruptcy can help you, contact a Milwaukee bankruptcy attorney of the DeLadurantey Law Office, LLC, today at 414-377-0518 and schedule a free consultation.


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