Qualifications for Filing a Chapter 7 Bankruptcy

August 1, 2019 | By Steffens Law Office
Qualifications for Filing a Chapter 7 Bankruptcy

Any person who resides in, does business in, or has property in the United States is permitted to file a Chapter 7 bankruptcy case—except a person who has intentionally dismissed a prior bankruptcy case within the last 180 days. 

To be permitted to maintain a Chapter 7 bankruptcy case, a person must qualify for Chapter 7 relief under a process called means testing. This looks at their ability to repay their debts given their current assets and income.

How an Attorney Can Help

If you are thinking about filing for Chapter 7 bankruptcy, an attorney can help you prepare your case and answer any questions you might have about the process. This includes how to time your filing and maximize exemptions so you are able to keep as much of your property as possible. 

The legal team at Steffens Law Office is committed to helping Nebraska residents use the bankruptcy process to rebuild their financial futures. Contact us today to schedule a free case review.