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In the past, anyone could file for bankruptcy under Chapter 7. However, under the new law, the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, you can only file for Chapter 7 bankruptcy if you meet certain requirements. First, you must meet an income test. You must either earn less than the median income in your state or pass what’s called the “means test,” which is a formula used by the courts factoring in expenses like food and housing. A bankruptcy lawyer can help you calculate whether or not your income qualifies. Secondly, you may not be eligible to file for Chapter 7 Bankruptcy if you’ve filed for it and received a discharge within the past eight years. Third, you must participate in credit counseling prior to filing for bankruptcy. These are general eligibility requirements for filing bankruptcy under Chapter 7. Contact a bankruptcy attorney in your area today to find out more about whether Chapter 7 bankruptcy is right for you.