Definition from Nolo's Plain-English Law DictionaryA person appointed by the court to oversee a bankruptcy case. In a Chapter 7 case, the trustee's role is.
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To begin a Chapter 7 bankruptcy case, you must complete a packet of forms and file them with the bankruptcy court in your area. Many filers are shocked to see.
To qualify for Chapter 7 bankruptcy, you must pass the means test. The means test looks at your average monthly income for the six months preceding your filing. This calculator is based on Official Form 22A -- a form you must complete if you file for Chapter 7 bankruptcy. The calculator applies the official formula stated in federal law (11 U.S.C. (b)), and local expense standards published by the U.S. government, to give you a sense of whether you qualify for bankruptcy.