What Happens Before You File Chapter 7?

In order to file for chapter 7 bankruptcy, you must meet the “means test.” This test

compares your income to that of median income statistics in your area. If your income is

below this median, then you qualify for chapter 7 bankruptcy.

If your income is higher than the median income in your area, your income and expenses

are subjected to a complicated review process devised by the federal government. A

bankruptcy attorney in your area can help walk you through this process, beginning in

your initial consultation. Before your bankruptcy attorney files your petition, he or she

will ask to analyze certain documents crucial to your case. For example, you will need to

list every creditor you have ever had, including credit card, medical bills, car loans,

mortgages and debt to friends and family members. Before you file, you will also need to

complete the required credit counseling course from an approved government agency.

Cutler & Associates, Ltd. provides aggressive, qualified debt relief representation.