If overwhelming credit card bills, medical debt, or personal loans are keeping you up at night, Chapter 7 bankruptcy could be your fresh start. As a straightforward liquidation process, Chapter 7 bankruptcy wipes out most unsecured debts without requiring repayment—ideal for low-income individuals qualifying via the means test. At Justice Bankruptcy, our team with 100+ years of experience helps thousands file efficiently online. In this guide, we’ll break down eligibility, the process, and tips for rebuilding credit post-discharge.
Who Qualifies for Chapter 7 Bankruptcy?
Not everyone can file, but most do:
- Income Limits: Pass the means test—your household income must be below your state’s median (e.g., ~$60K for a single person in many areas).
- Debt Types: Targets unsecured debts like credit cards (average U.S. balance: $6,000) but spares secured ones (e.g., mortgages).
- Common Pitfalls: Avoid recent luxury purchases; they could be clawed back.
Pro Tip: Use our free 15-minute consultation to check eligibility—no commitment needed.
Step-by-Step Chapter 7 Bankruptcy Filing Process
- Gather Documents: Income statements, tax returns, and debt lists (we offer affordable prep for $X).
- Credit Counseling: Complete a mandatory course (~$20 online).
- File Petition: Submit to court; automatic stay halts collections.
- 341 Meeting: Meet the trustee (virtual options available).
- Discharge: Debts gone in 60-90 days.
Link internally to: Our Bankruptcy Services. Expect fees of $300-1,500, far less than endless interest payments.
Rebuilding After Chapter 7: Credit Myths Busted
Myth: Bankruptcy tanks your score forever.
Reality: Scores rebound in 1-2 years with secured cards and on-time payments. Our clients see 100% success in debt-free futures.
Conclusion Chapter 7 bankruptcy isn’t failure—it’s strategy. Ready to eliminate credit card debt? Schedule your free consult at Justice Bankruptcy today and reclaim control.