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In a Chapter 7 bankruptcy, debtors give up certain property that they own at the time they file the bankruptcy case. This property is sold by a trustee, who uses the proceeds to pay the creditors. The debtors receive their discharge shortly after the case is filed. Chapter 7 debtors are allowed to keep the money that they earn after filing the bankruptcy case, as well as most other property that they obtain after the filing. You can file a Chapter 7 bankruptcy if your current monthly income is at or below the state’s “family median income” for a family of your size. If your current monthly income is more than the median income and your debts are primarily consumer debts, you will have to pass the “means test” in order to qualify for a Chapter 7 bankruptcy. The “means test” is essentially a series of questions where you calculate your monthly “disposable income” (income less allowable expenses). If your monthly disposable income is enough to either pay more than $10,950.00 towards your unsecured, nonpriority debt over a five-year period or pay more than 25% of your unsecured, nonpriority debt over a five-year period then you did not pass the “means test” and will not be able to file a Chapter 7 bankruptcy. However, you may still be eligible to file a Chapter 13 bankruptcy.