Chapter 7 Requirements

If you earn less than $48,492 per year, have less than $50,000 equity in your home, have an automobile valued at less than $2,500 (or lease an automobile or make payments on an automobile) and have no other significant assets, you will likely be categorized as a Consumer No-Asset case. This means that the trustee will not have to administer any of your assets.

  • $299 Filing Fee
  • Copy of your Credit Report
  • Past 6 weeks of pay stubs
  • 2 Years of recent tax returns
  • Certificate of Credit Counseling Course
  • A signed petition along with retainer agreement indicating that you have no assets that could be sold at auction valued at more than 500 to 1000 dollars that are non-exempt.


  • Chapter 13 Requirements

    Any individual, even if self-employed or operating an unincorporated business, is eligible for chapter 13 relief as long as the individual's unsecured debts are less than $336,900 and secured debts are less than $1,010,650. 11 U.S.C. ? 109(e). These amounts are adjusted periodically to reflect changes in the consumer price index.

  • $274 Filing Fee
  • Copy of your Credit Report
  • List of any real estate (owned or mortgaged)
  • List of any assets with auction-value appraisals
  • Past six weeks of pay stubs
  • Previous Federal tax returns
  • Certificate of Credit Counseling Course


  • Disclaimer

    These values are subject to change at any time based on State Government standards and updates to bankruptcy laws & policy.

    Law Office Location
    Law Office of Randall Kehoe
    127 Madison Ave
    Albany, NY 12202

    Contact Us Directly:
    Call:  (518) 465-2211
    Fax:  (518) 465-2210
    Email:  RKehoe127[at]aol.com
    Contact Form
    Full Name


    Email Address


    Phone Number


    Inquiry Type:

      H
    Enter the answer here:  

    Your Question or Comments: