Chapter 7 Bankruptcy Calculator
Find out if you may qualify for Chapter 7 Bankruptcy in less than 2 minutes.
Chapter 7 Bankruptcy: Frequently Asked Questions
Who Qualifies for Chapter 7 Bankruptcy?
Qualification is based on income, household size, and the Chapter 7 means test. Many individuals below their state’s median income may qualify.
What is the Chapter 7 Means Test?
The means test compares your income to your state’s median income and evaluates whether you have enough disposable income to repay creditors.
How Long Does Chapter 7 Bankruptcy Take?
Most Chapter 7 cases are completed within 4-6 months from filing.
What Debts Can Chapter 7 Eliminate?
Chapter 7 may discharge credit card debt, medical bills, personal loans, payday loans, and other unsecured debts.
Can I Keep My House and Car in Chapter 7?
Many filers may keep protected assets through bankruptcy exemptions, although eligibility depends on state-specific exemption rules.
Learn About Chapter 7 Bankruptcy
Not sure whether Chapter 7 bankruptcy is right for you? Learn about qualification requirements, income limits, exemptions, the means test, and what happens during the Chapter 7 filing process.