New bankruptcy laws came into effect in October 2005. Since then the laws have changed a lot. In particular, if you are filing under chapter 7, you must be aware of the two major changes. Two things have become mandatory now - first, passing the means test and second, availing the credit counseling services. It is very important for you to understand that filing under different chapters is no more optional. There are certain eligibility criteria that have been set by the new laws. Depending upon the result of the means test and the suggestions of your credit counselor, the bankruptcy court will decide which chapter you should file your case under. The means test actually means the evaluation of the property, money, and other assets owned by you.