Learn more about Chapter 7 Bankruptcy Jacksonville A big change has been brought about in the insolvency code of Florida. Not every body can file for chapter 7 bankruptcy Jacksonville. Only those who qualify for it will be permitted to file under the codification. Those who do not qualify under the new rule, have the option of filing for bankruptcy under Section 13. However, this new rule is expected to affect only 15 percent of existing debtors. If a debtor’s annual income is below the median income of Florida province, he automatically qualifies for chapter 7 Bankruptcy Jacksonville. As half of the people in Florida do not meet these standards they are eligible for filing under the chapter 7 code. Even if one qualifies for applying for this type of bankruptcy, there are certain conditions that may actually stop one from doing so. One such condition, for instance is failure to appear in court after being summoned to do so. Another such condition may be when a debtor dismisses an old case after a creditor attempts to recover property held as liens in the court of law. Another important requirement for a defaulter to succeed in filing chapter 7 bankruptcies Jacksonville is to get counseled by a credit counselor at least 6 months before the complaint is filed. The counselor has to be a recognized one preferably from an an accredited agency. In case the credit counseling agencies are insufficient, so much so that demand far outstrips supply, then an exemption can be made. However, this depends on the sole discretion of law. It is also mandatory to file any new plans of managing debt, developed during the credit counseling period, in court. The aim is to enable a debtor begin a new innings by clearingoff the debts.