A bankruptcy declaration should not be thought of as a single act. It can take months of preparation before you file your federal paperwork and then several more months before it's final. Before you file, there are tasks that need to be accomplished. Read on to find out what to do before you file chapter 7 bankruptcy.
Make Sure Your Income is Appropriate
Once you decide to declare chapter 7, your first move should be to check your income against your state's median income.