Chapter 7 Bankruptcy Basics
Chapter 7 Bankruptcy Basics
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How to File for Chapter 7 Bankruptcy
Learn how to complete the forms you'll need to file for Chapter 7 bankruptcy.
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What Is Chapter 7 Bankruptcy and How Do You File?
Get a quick overview of the process and steps involved in a Chapter 7 bankruptcy case.
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Which Type of Bankruptcy Should You File? Chapter 7 vs. 13
Once you've decided that bankruptcy is the right solution for your financial situation, you must decide which bankruptcy chapter is best. This article explains the basics of Chapters 7, 11, 12, and 13. You'll also find a chart illustrating the primary differences between Chapter 7 and Chapter 13 bankruptcy.
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Chapter 7 Bankruptcy for a Small Business
Chapter 7 bankruptcy is often a good way for a struggling small business to wind down operations and satisfy creditors. Small business owners can also file a personal Chapter 7 bankruptcy after the company closes to get out from under business debt.
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What Is a "No Asset" Chapter 7 Bankruptcy Case?
No-asset Chapter 7 bankruptcy cases are common and simple. In a no-asset Chapter 7 bankruptcy case, you keep your property and your creditors get nothing.
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What Is Liquidation Bankruptcy?
Liquidation bankruptcy, or Chapter 7 bankruptcy, is the most common form of bankruptcy for individuals.
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The Chapter 7 Bankruptcy Means Test
You must pass the means test to be eligible for Chapter 7 bankruptcy discharge.
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Who Is Exempt From Taking the Bankruptcy Means Test?
You don't have to take the bankruptcy means test if you have mostly business debts, are a disabled veteran, or a military reservist. Find out more about the Statement of Exemption from Presumption of Abuse Under §707(b)(2) form.
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Qualifying for Chapter 7 Bankruptcy if Your Income Is High
Can someone with high income still qualify for chapter 7 bankruptcy?
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Medical Bankruptcies: How to Get Rid of Medical Debt
Learn how to wipe out medical debt in bankruptcy.
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Understanding Secured, Unsecured, and Priority Debts in Bankruptcy
You'll indicate whether your debt is secured, unsecured, or priority in the official bankruptcy paperwork you file with the court. The type of debt determines how or whether a creditor will get paid. So a creditor must also identify whether the debt is secured, unsecured, or priority in the proof of claim submitted for payment.
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Redeeming v. Reaffirming Debt to Keep Property in Bankruptcy
Learn the differences between redeeming property and reaffirming debt in Chapter 7 bankruptcy.
