How do I know if I qualify for a Chapter 7 bankruptcy?

In Hawaii, individuals may qualify for a Chapter 7 bankruptcy if they meet three basic criteria. The first is the “means test”, which looks at your income and expenses to determine if you’re able to pay back your debts. The second requirement is a credit counseling course. You must attend and pass a course from an approved agency within 180 days before you file. The third criteria is a certificate of completion from the credit counseling class. In order to determine if you qualify for Chapter 7 bankruptcy, you will need to submit a petition to the United States Bankruptcy Court in Hawaii. This petition will include information about your income, expenses, assets, and debts. The court will then assess whether or not your income and expenses exceed those amounts allowed under the means test. If they do, you may qualify for Chapter 7 bankruptcy. In addition, the court will also review your credit counseling certificate to ensure that it is valid. Once the court approves the certificate, you may move forward with the petition. The court will then review the entire petition to make sure that all the information is accurate and that you qualify for Chapter 7 bankruptcy. If the court finds that you do qualify for Chapter 7 bankruptcy, it may then grant you a discharge from some or all of your unsecured debts. This is why it’s important to understand the bankruptcy process and take the necessary steps to ensure that you meet the criteria.

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How do I know if I qualify for a Chapter 7 bankruptcy?

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