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The Protection Act of 2008 requires that a "means test" be used to determine whether or not an individual debtor qualifies for relief under a Chapter 7. If the debtor's income exceeds the threshold then the debtor may have no other choice but to file a Chapter 13.

The bankruptcy discharge releases the debtor from all personal liability for certain types of debts. Once a debt is discharged, the debtor is no longer legally liable or required to pay debts that are discharged. The discharge acts as a permanent order that prohibits creditors from taking any type of collection action on discharged debts.

No. Generally, only certain unsecured debts are allowed to be discharged. These include credit card debt, medical bills, unsecured loans and others. The types of debts that typically cannot be discharged include student loans, child support and alimony, certain taxes, restitution and debts to government agencies for fines and penalties, among others.

Yes you can, but the court will deny a discharge in a second Chapter 7 case if you received a discharge under a Chapter 7 or a Chapter 11 case that was filed within eight years before the second petition was filed. In simple terms, you need to wait eight years before you can file a second Chapter 7 petition.

While bankruptcy will impact your credit, the effects are not permanent. Generally, a Chapter 7 bankruptcy will remain on your credit for ten years and a Chapter 13 for seven years. After your bankruptcy has been completed you can begin rebuilding your credit using responsible financial behaviors and planning. In many cases, consumers find that they can rebuild their credit significantly and maintain credit scores much higher than they had before their bankruptcy.