Where Can I Find Chapter 7 Bankruptcy Information?

By on August 17, 2013

Bankruptcy lawyers in indiana

Did you know that in April 2012, according to the Bureau of Labor Statistics, more than 5.2 million Americans were unemployed for six months or more? In fact, most people file bankruptcy for one of three reasons

  1. Medical problems
  2. Job loss
  3. Divorce

And sometimes it is not even job loss, but job retirement that puts a person in need of bankruptcy info.

For example, according to Sports Illustrated magazine, more than three quarters of pro athletes file bankruptcy, or are in some sort of financial trouble, only two years after retiring from their sports.

Are you looking for Chapter 7 bankruptcy information? Look no further. Here is some information that you should know

  • You Have to Pass A Means Test. To qualify for Chapter 7 bankruptcy, you have to prove that your income is lower than the median income for a family of your size in your state. You do this via a means test.
  • You Can Fail A Means Test. If you fail a means test, meaning your income was higher than the median, you may still be able to file for Chapter 13 bankruptcy. To learn more about the difference between Chapter 7 bankruptcy, Chapter 11 bankruptcy vs Chapter 13, contact a bankruptcy lawyer Indiana.
  • Not Everything Counts. Some items cannot be added into a bankruptcy. This includes government loans, as well as school loans.

You can ask your bankruptcy questions and answers are available online, but it is always valuable to talk to a bankruptcy attorney. These lawyers specialize in bankruptcy and can give you all the Chapter 7 bankruptcy information you need.

Many of these initial bankruptcy meetings are free of charge, so the lawyer can get to know your case, you can get to know the lawyer and you can determine if what they charge will work for you.

Read this website for more information.

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18 Comments

  1. Carlos Neal

    March 9, 2014 at 2:29 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  2. Rene Lopez

    April 8, 2014 at 5:03 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  3. Stanley Douglas

    May 8, 2014 at 8:21 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  4. Ronnie Jackson

    June 7, 2014 at 8:23 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  5. Sophia Hunter

    July 7, 2014 at 8:24 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  6. Derrick Shelton

    August 6, 2014 at 8:26 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  7. Allison Garner

    September 5, 2014 at 8:27 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  8. Andrew West

    October 5, 2014 at 8:28 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  9. Alyssa Perry

    November 4, 2014 at 9:25 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  10. Darrel Rose

    December 4, 2014 at 9:26 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  11. Camilla Reed

    January 3, 2015 at 9:28 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  12. Vincent Adams

    February 2, 2015 at 9:29 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  13. Franklin Fleming

    March 4, 2015 at 9:31 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  14. Don Hunter

    April 3, 2015 at 8:29 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  15. Jorge McKinney

    May 3, 2015 at 8:30 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  16. Renee Bennett

    June 2, 2015 at 8:30 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  17. Scott Cox

    July 2, 2015 at 8:31 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

  18. Andre Medina

    August 1, 2015 at 8:33 pm

    Thanks for this! I didn’t know you can’t use a bankruptcy to get rid of school loans. That is all I have right now.

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