Chapter 7

      This is the basic liquidation bankruptcy.   It is available for most individuals and businesses of all sorts. 

      Individuals must qualify to be entitled to file a Chapter 7 bankruptcy by ensuring that thier income is below a median level established by the IRS or their disposable income is less than (roughly) $182 a month.  Both requirements can be determined by competing Official Bankrutpcy Form B22a the "Means Test."