Chapter 7 bankruptcy is a process of liquidation. In here the non-exempt assets of debtor are sold by the trustee and there are particular norms of the code which needs to be abided with. Once the assets are sold, the proceedings are distributed to the creditors in accordance with the norms. It is one of the quickest and easiest forms of bankruptcy which can be availed by the individuals, corporations, married couples and also those who are in partnerships. However, not anyone can be eligible for this law.
The eligibilitycriteria for the same involve the qualification of the debtor wherein he or she will have to demonstrate that other than the necessary living expenses he or she is not in the financial stature to pay the debts. The aspects which come under the living expenses include rent of mortgage payments, utilities, car payments, food, clothing, insurance. After calculating the mentioned amount, the debtor should not be left with even 100 dollars to pay the credit or a debt. So basically the Chapter 7 bankruptcy is a way in which the debtor can gain freedom from the unsecured debts.
The above process will definitely need you to hire a lawyer. However what if you are unable to afford one? For circumstances like these there are the Affordable chapter 7 legal services which can be pursued by you. So there are the following considerations which you can go for:-
• You can file your own case.
• You can obtain assistance from a free legal firm or some legal aid society which is there in your area.
• You can also find a pro bono attorney.
• If you are unable to pay the attorney fees upfront for the Chapter 7 bankruptcy you can stretch them by filing for Chapter 13 bankruptcy. However you will be required to have enough income to afford the Chapter 13 plan.

Related Posts
Filed For Chapter 7 Bankruptcy
Looking for Chapter 7 or Chapter 13 bankruptcy lawyer ? Find a bankruptcy lawyer for free we helped many bankruptcy cases like yours.   I am 24 years old, I am a ...
READ MORE
Filing For Bankruptcy Due To Financial Difficulties
Should you file bankruptcy or not ? Send your case to bankruptcy lawyers for free consultation, Our online pool of lawyers helped many ( look below ) and help you ...
READ MORE
Bankruptcy
Bankruptcy laws are made for the help of the people who can no longer pay their creditors get a chance to pay that is by liquidating assets or by creating ...
READ MORE
Chapter 11 protection in favor of Molycorp Inc.
If a company or an organization is unable to repay its creditors or keep its business alive, the debtor under the norms and rules can file for the Chapter 11 ...
READ MORE
bankruptcy court
The United States is among the first country in the world that has the bankruptcy courts. They are first country to have a humane view of the person who has ...
READ MORE
Baha Mar Resort Enters Bankruptcy
Chapter 11 bankruptcy has been witnessed to provide an organization a relief from the heavy debts. Hence, it was not a surprise that the mega resort Baha Mar which was ...
READ MORE
Need To File Bankruptcy
Chapter 7 bankruptcy can be filed easily depending upon your case. Also charges to file your case can go from free to higher again depending up the case. You can ...
READ MORE
Stockton chapter 9 Bankruptcy
Just like the organization, companies and individual can declare themselves bankrupt, so does a municipality can. The basic difference lies in the chapter, which will be filed to handle the ...
READ MORE
Declaring Bankruptcy. Good or Bad?
Should You Declaring Bankruptcy – this seems to be a tough question to be answered especially in the present situation. Most of the people believe that this is the best ...
READ MORE
File Bankruptcy
Situations brings you financial crisis and break you upto bankruptcy. You might need to stop a garnishment, pay your debts, may be lost your job and have to support child ...
READ MORE
Filed For Chapter 7 Bankruptcy
Filing For Bankruptcy Due To Financial Difficulties
Bankruptcy
Chapter 11 protection in favor of Molycorp Inc.
Bankruptcy courts
Baha Mar Resort Enters Bankruptcy
Need To File Bankruptcy
Stockton chapter 9 Bankruptcy
Declaring Bankruptcy. Good or Bad?
File Bankruptcy