The potential Chapter 7 debtor should understand that a straight bankruptcy case does not involve the filing of a plan of repayment as in Chapter 13.  In most cases the debtor may keep their home, furniture and vehicle. 


    Eligibility to qualify for relief under Chapter 7:

• The debtor must be an individual, partnership or corporation.

• Relief is available under Chapter 7 irrespective of the amount of the debtor's debts, whether the debtor is solvent or insolvent.

• An individual can not file under Chapter 7 petition or any other chapter, however, if during the preceding 180 days a prior bankruptcy petition was dismissed due to the debtor's willful failure to appear before the court or comply with orders of the court.