Will all of my debts be discharged in a Chapter 7 bankruptcy?

Additional Chapter 7 Personal Bankruptcy FAQs

• Q: I want to know if I qualify for bankruptcy – what are the eligibility requirements?
  A: Depending on the type of bankruptcy proceedings that you wish to file, there are different eligibility requirements that are set by federal law, and thus apply … More
• Q: What is a bankruptcy "means test?"
  A: A "means test" in a bankruptcy proceeding is one of the factors used to determine whether an individual debtor is eligible to file for bankruptcy … More
• Q: Can I file for bankruptcy every few years?
  A: No. Once a discharge is granted, a debtor who filed under Chapter 7 or 11 is prohibited from filing for another 6 years. However, a debtor who filed under Chapter 7 … More
• Q: What is a Chapter 7 bankruptcy?
  A: Chapter 7 is the liquidation chapter of the Bankruptcy Code. Chapter 7 cases are commonly referred to as straight bankruptcy or liquidation cases, and may be filed by … More
• Q: What is a bankruptcy trustee and who is the United States trustee?
  A: In all chapter 7, 12, 13 and in some chapter 11 cases, a case trustee is assigned. In chapter 7 cases they are called Panel Trustees. In chapter 12 and 13 cases they … More
• Q: Can't I just transfer my assets to a friend or a Living Trust before I file for bankruptcy?
  A: These types of transfers may be considered fraudulent and your Chapter 7 trustee may be able recover the property within a year of filing.  Factors will be … More
• Q: If I file for Chapter 7 bankruptcy can I keep some of my property?
  A: In general, Chapter 7 bankruptcy gives up all of your non-exempt property.  Exempt property is property defined by state law which is not discharged from … More
• Q: Will bankruptcy cause me to lose my safe deposit box?
  A: Maybe. You are required to declare all of your assets when filing bankruptcy, including the contents of any safe deposit boxes that you own. If you are … More