Filing chapter 7 bankruptcy requirements include filling out a petition and other forms to file with your local bankruptcy court. You are ineligible to file for chapter 7 bankruptcy if you previously, within 6 to 8 years, received a discharge or your income falls under the provisions for a chapter 13 filing. The forms you are asked to fill out will be information about your current financial
. status. Most of the forms will want you to answer questions about your current monthly income, living expenses, debts and property, among other things. When you file, you are giving over control of all your owned property and all your owed debts to the bankruptcy court. You can learn more about chapter 7 bankruptcy at this site http://en.wikipedia.org/wiki/Chapter_7,_Title_11,_United_States_Code.
