What can I do when logged in?

You can submit new articles, so we can make unique versions of them and distribute them for you.
If you want to simply publish the same article on 800 websites, you can tell us to do that.
You can see the archive and current status of all your article distributions.
You can order any number of high-quality articles - just let us know your keywords.
You can browse the archive of all the articles we have written for you.
You can order our Complete Service (10 high-quality articles plus 10 article distributions).
You can purchase more credits for our services and check your affiliate earnings.
Much more ...

SpinDistribute.com Article Directory

The following article was published in our article directory on August 3, 2012.
Learn more about SpinDistribute Article Distribution System.

Who can and cannot file for a Chapter 7 bankruptcy?

Article Category: Advice

Author Name: Yaniv Golan

Before October 17th 2005, the judge would decide whether a debtor met with the requirements of Chapter 7. It was largely up to the discretion of the judges to assess the financial status of the debtor and this resulted in many cases in which extended Bankruptcy protection under Chapter 7 even if he or she was financially able to repay the debt through a repayment plan of a Chapter 13 bankruptcy.

However, this has since been changed and if the debtor is not able to fulfil the requirements of the Chapter 7, he or she may be subject to a repayment plan through a Chapter 13 bankruptcy. But what circumstances cause someone to be ineligible for Chapter 7?

Too high income

If the income of the debtor is too high, then he or she may not be eligible for Chapter 7. The test is done by comparing the average income of the debtor in the last six months with the state�s median income. The forms of eligible monthly income include salary, tips, wages, overtime commission and gross income from a business or farm, as well as income earned from royalties, dividends and rents.

Pension, workers compensation, annuity payments and unemployment compensation will be taken under consideration. If the debtor�s income is below or equal to the state�s median, then the filer must pass the second part of the test for chapter 7.

Debt can be repaid

Additionally, the debtor�s disposable income will be assessed. This is calculated by taking the monthly income and subtracting monthly expenses for food, rent, transportation, utilities and other allowable expenses. As long as the debtor has little or no disposable income, he or she is eligible to file for a Chapter 7 bankruptcy. One other criterion for filing is that the debtor cannot have received a discharge for a Chapter 7 bankruptcy in the last eight years.

As soon as a debtor�s petition is filed, an automatic stay is issued. The automatic stay prevents any creditors from continuing their collection efforts.

Keywords:

Learn more about SpinDistribute Article Distribution System. We also offer one of the Best Article Writing Services out there - give us a try if you need great articles on various topics!

SpinDistribute.com Network

Each article you submit at SpinDistribute.com is sent through our innovative Article Distribution System to our network of more than 1840 publishers - about 55% of them are high-quality article directories, 30% of them are niche blogs and 15% of them are other content-rich websites.

To achieve the best possible success we only publish your article to most related websites. This means your article will show up on approximately 640 - 880 most related websites which will give you great SEO results.

We also offer a separate Professional Article Writing Service to everyone who's looking for high quality web content and well researched unique articles.