A Chapter 7 Bankruptcy is a liquidation of assets. Those individuals who do not have substantial assets and qualify under the means test are eligible for a Chapter 7 Bankruptcy. Debtors may keep exempt assets and secured debts in which they have the ability to pay so long as the secured debt is a necessary and ordinary expense.



A Chapter 7 may discharge the following debts:

     Credit Cards

     Medical Debt

     Some Taxes

     Personal Loans

     Leases/Contracts

Wage Garnishments and lawsuits will stop once the bankrupcty has been filed with the U.S. Bankruptcy Court.

Chapter 7 will not discharge child support, student loans, city or state violations, intentional torts/criminal acts or fines and income tax less than 3 years old.

Means Test - The means test determines whether or not you qualify to file a Chapter 7 bankruptcy. The formula prevents individuals who have the ability to at least pay back a portion of their debt to file a Chapter 7.

Even if your income is above the median income level, you may still qualify to file a Chapter 7. To see if you qualify, please contact Leuer Law. If your income is less than the median income in Illinois, the means test does not apply.

To find out if you are eligible for a Chapter 7 bankruptcy, please call the office at            630-210-8175 to schedule an appointment.