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2. Common types of bankruptcy and how to avoid filing - AOL

   www.aol.com/finance/common-types-bankruptcy...

   There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.

3. Chapter 7, Title 11, United States Code - Wikipedia

   en.wikipedia.org/wiki/Chapter_7,_Title_11...

   Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]

4. 7 Key Signs Bankruptcy Is Not a Bad Thing for You - AOL

   www.aol.com/finance/7-key-signs-bankruptcy-not...

   Here are the key types of bankruptcy, Barna explained: Chapter 7 bankruptcy: Chapter 7 involves the liquidation of a debtor’s assets. Individuals who cannot pay their debts and have no prospect ...

5. Thinking About Filing for Bankruptcy? It’s Worth Considering ...

   www.aol.com/finance/thinking-filing-bankruptcy...

   There are two main types of bankruptcy for consumers: Chapter 7 bankruptcy and Chapter 13 bankruptcy. Chapter 7 bankruptcy, or liquidation bankruptcy, is available to individuals who can’t pay ...

6. Bankruptcy - Wikipedia

   en.wikipedia.org/wiki/Bankruptcy

   To be eligible to file a consumer bankruptcy under Chapter 7, a debtor must qualify under a statutory "means test". [55] The means test was intended to make it more difficult for a significant number of financially distressed individual debtors whose debts are primarily consumer debts to qualify for relief under Chapter 7 of the Bankruptcy Code.

7. Bankruptcy Abuse Prevention and Consumer Protection Act

   en.wikipedia.org/wiki/Bankruptcy_Abuse...

   Prior to the BAPCPA Amendments, debtors of all incomes could file for bankruptcy under Chapter 7. BAPCPA restricted the number of debtors that could declare Chapter 7 bankruptcy. The act sets out a method to calculate a debtor's income, and compares this amount to the median income of the debtor's state.