How do you apply for chapter 7?

You should meet with a bankruptcy attorney for an initial consultation to determine whether you are eligible for a chapter 7. Whether you are eligible depends on a variety of factors, including the amount of debt you have, what your assets are, as well as your income and expenses.

Bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.

Most people are eligible to file Chapter 7 with the help of a bankruptcy attorney. I suggest you consult with a bankruptcy attorney to discuss the details of your particular situation.

In order to file for Chapter 7 bankruptcy you need to be able to pass the Means Test, which usually means that your household income is less than the average income of a household the same size in your state. You also need to take a Credit Counseling course which you can do online for about $5. You will also need to collect a great deal of information before you file - name, address, ss#, as well as information about your debts, assets (real property, personal property like furniture and clothing, cash, bank accounts, etc - ALL of your stuff), as well as your income, expenses, any contracts or leases you have, past income and transactions. That information is put into the From 1 Petition, Exhbit D, Form 21 Social Security Number, the Form 6 Schedules A-J, the Form 7 Statement of Financial Affairs, Form 22 Chapter 7 Means Test. These are then filed with the court and a $306 filing fee is paid. You will need to attend a 341 Hearing (also called a Meeting of the Creditors) and take a post-filing course in Financial Management (also online - about $8) Sixty days after the meeting of the creditors you become eligible for a discharge.

A means test is used to determine eligibility for chapter 7 relief based on your income, household size, living expenses, etc. Contact an attorney to help you determine if you qualify for Chapter 7 relief.

You have to file a petition. Details of the process and qualifications would require a full consultation and you should not disclose them over the internet.

The qualifications are based on income and expenses. The best way to determine your eligibility is to seek advice from an experienced BK attorney.