These bills CAN be discharged by Chapter 7 bankruptcy. If you have any of these bills, you may want to look into bankruptcy.

First you should find out if your income or personal property is protected. Protected means that you don’t have money or property that a debt collector can legally take from you. You might not need to file bankruptcy if your income is very low and you don’t have a lot of valuable things. You may be able stop collection agencies from contact you by sending them a letter.

You may also hear the words collection proof, which is another way of saying this.

Click NEXT to proceed to the next page and we'll show you how to figure this out.

Remember, bankruptcy is complicated and it’s best to speak with a lawyer.

If you take home less than $627.69 (as of January, 2024) per week

-- or --

your income is from Social Security, public benefits, disability, etc.

then you might be protected.

What is equity?

Equity is the value of what you own after taking away what you owe. For example, if you own a house worth $100,000 and still owe $50,000 on the mortgage, your equity in the house is $50,000.

What is equity? Equity is the value of what you own after taking away what you owe. For example, if you own a car worth $10,000 and you still owe $5,000 on it, your equity in the car is $5,000.