Not everyone can file for Chapter 7 bankruptcy. There are specific eligibility requirements you must meet. The most significant hurdle is the “means test,” which determines if your income is ...

Take our financial relief quiz. There is no minimum debt requirement to qualify for Chapter 7 bankruptcy, according to U.S. bankruptcy law. In most cases, it doesn’t make sense to file for ...

Eligibility requirements for each type of bankruptcy also differ. Chapter 7 is generally available to lower-income ...

While providing a major benefit to the borrower, Chapter 7 bankruptcy can be a burden to creditors. Courts impose strict requirements to ensure that debtors filing for Chapter 7 cannot repay their ...

With bankruptcy, the amount of debt that you repay is set by law and not up for negotiation. You must disclose all of your ...

What is the bankruptcy? First to all we have to know what is the bankruptcy? according with the Managing Your Money section for CBSNews.com bankruptcy is a term that carries a hea ...

Despite the uphill battle, several lenders that work with Chapter 7 bankruptcy exist. You generally must allow the waiting period to pass, and then you may be able to qualify for a mortgage.

This can provide significant relief, but you also need to understand how much debt is necessary to qualify for Chapter 7 bankruptcy. Explore your top credit card debt relief options here now.