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Who Qualifies for Chapter 7 Bankruptcy?


Chapter 7 bankruptcy is often called “liquidation bankruptcy” because it requires the debtor to sell off some of their assets in order to repay creditors. In order to qualify for Chapter 7 bankruptcy, the debtor must first pass what is known as the “means test”.

The means test is a way for the courts to determine if the debtor has the ability to repay their debts. If the debtor’s income is below the median income for their state, they will automatically qualify for Chapter 7 bankruptcy. If the debtor’s income is above the median income, they will need to prove that they do not have the means to repay their debts.


Once the debtor has qualified for Chapter 7 bankruptcy, they will need to complete a mandatory credit counseling course.



The Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and also start over.



Our goal is to help you find a fresh start FAST!


Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706



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