Help with Run Time Error Please....

I got this Run Time error when I tried to execute a Swing program I was trying to run and I was wondering if anyone could explain what it meant and how I could go about fixing the situation. The program ran with no problem when I executed it yesterday but this morning, It failed for some reason .
My Classes name is GUIcheck.java
Exception in thread "main" java.lang.UnsupportedClassVersionError: GUIcheck (Unsupported major.minor version 49.0)
        at java.lang.ClassLoader.defineClass0(Native Method)
        at java.lang.ClassLoader.defineClass(Unknown Source)
        at java.security.SecureClassLoader.defineClass(Unknown Source)
        at java.net.URLClassLoader.defineClass(Unknown Source)
        at java.net.URLClassLoader.access$100(Unknown Source)
        at java.net.URLClassLoader$1.run(Unknown Source)
        at java.security.AccessController.doPrivileged(Native Method)
        at java.net.URLClassLoader.findClass(Unknown Source)
        at java.lang.ClassLoader.loadClass(Unknown Source)
        at sun.misc.Launcher$AppClassLoader.loadClass(Unknown Source)
        at java.lang.ClassLoader.loadClass(Unknown Source)
        at java.lang.ClassLoader.loadClassInternal(Unknown Source)
I have posted the program below for your viewing ..
import java.awt.*;
import java.awt.event.*;
import javax.swing.*;
public class GUIcheck
    public static void main(String args[])
    JFrame.setDefaultLookAndFeelDecorated(true);
    JFrame frame = new JFrame ("Student Data Sheet");
    //Frame.setDefaultLookAndFeelDecorated(true);
   //Create the top panel.  This panel will use the grid layout and
   //will contain two labels (name and Social Security Number) and
   //two text boxes (nameTextField and ssTextField)
   JPanel topPanel = new JPanel(new GridLayout (2, 2, 5, 5));
   JLabel nameLabel = new JLabel ("Name:");
   topPanel.add(nameLabel);
   JTextField nameTextField = new JTextField(10);
   topPanel.add(nameTextField);
   JLabel ssLabel = new JLabel ("Social Security Number:");
   topPanel.add(ssLabel);
  JPasswordField ssTextField = new JPasswordField(10);
  topPanel.add(ssTextField);
  //Place the topPanel on the North side of the frame
  Container contentPane = frame.getContentPane();
  contentPane.add (topPanel, BorderLayout.NORTH);
  //Create the center panel.  It will be placed in the center of the
  //frame.  It will contain two sub panels.  One sub panel will contain
  //labels (Select sources of news and information and Classification).
  //The second sub panel will contain check boxes and radio buttons)
  JPanel centerPanel = new JPanel (new BorderLayout ());
  JPanel centerTopPanel = new JPanel (new GridLayout (1, 2, 5, 5));
  JLabel sourceLabel = new JLabel
             ("Select sources of news and information");
  centerTopPanel.add (sourceLabel);
  JLabel classLabel = new JLabel ("Classification");
  centerTopPanel.add (classLabel);
  centerPanel.add (centerTopPanel, BorderLayout.NORTH);
  JPanel centerBottomPanel = new JPanel (new GridLayout (1, 2, 5, 5));
  JPanel checkBoxPanel = new JPanel (new GridLayout (3, 1, 5, 1));
  JCheckBox newspaperCheckBox = new JCheckBox ("Newspaper");
  checkBoxPanel.add (newspaperCheckBox);
JCheckBox tvCheckBox = new JCheckBox ("TV");
checkBoxPanel.add (tvCheckBox);
JCheckBox friendsCheckBox = new JCheckBox ("Friends");
checkBoxPanel.add (friendsCheckBox);
centerBottomPanel.add (checkBoxPanel);
JPanel radioButtonPanel = new JPanel (new GridLayout (4, 1, 5, 1));
JRadioButton freshmanRadioButton = new JRadioButton ("Freshman");
radioButtonPanel.add (freshmanRadioButton);
JRadioButton sophomoreRadioButton = new JRadioButton ("Sophomore");
radioButtonPanel.add (sophomoreRadioButton);
JRadioButton juniorRadioButton = new JRadioButton ("Junior");
radioButtonPanel.add (juniorRadioButton);
JRadioButton seniorRadioButton = new JRadioButton ("Senior");
radioButtonPanel.add (seniorRadioButton);
centerBottomPanel.add (radioButtonPanel);
centerPanel.add (centerBottomPanel, BorderLayout.SOUTH);
contentPane.add (centerPanel, BorderLayout.CENTER);
//creation of button group deleted
//buttonPanel will contain buttons and will be placed at south side
//of the frame
JPanel buttonPanel = new JPanel(new GridLayout (1, 2, 5, 5));
JButton submitButton = new JButton ("Submit");
buttonPanel.add (submitButton);
JButton exitButton = new JButton ("Exit");
buttonPanel.add (exitButton);
contentPane.add (buttonPanel, BorderLayout.SOUTH);
  }//end main
}

I do have the 1.5 at the moment and I still get the same error. I have removed other instances of JRE from my computer and retried but it still persists... What else can I do?
Java Newbie

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    This happens on a not-infrequent basis: Excel isn't open, and I randomly get this set of Excel errors: 1) "cannot complete task", 2) VBA run-time, 3) "cannot complete task" again. Then it's done, until the next time it happens. Weird.
    I have 32-bit Windows 7 and Excel 2013/2010/2007/2003/2002 (I know!) but the issue only started after installing 2013. I also get the "cannot complete this task" message regularly when working in Excel (generally with Power Pivot or something legitimately
    memory-hungry though), and restarting the application does the trick. I don't mind a heads-up when I'm gobbling up too many resources, but when Excel's not even open, it's a bit ridiculous. It's like I have a zombie Excel! Does interacting with Excel files
    via upload/moving around Windows Explorer actually trigger some sort of Excel action in the background?
    Any ideas would be most appreciated!! Thank you :)

    Hi,
    As the memory error messages , it can be very generic and don't always identify the real cause of the issue. We may try to use the KB that Mr. KR mentioned above to troubleshoot it.
    On the other hand, if the file is xls format, we may convert to the new file format .XLSM and test.
    http://www.experts-exchange.com/Software/Office_Productivity/Office_Suites/MS_Office/Excel/Q_28339883.html
    Next, try to disable hardware graphics acceleration from File > Options > Advanced > Display section and disable Aero Themes (if you enabled) to check the results.
    For the hangs and crashes issues, we may use ADPlus.vbs to troubleshoot:
    http://support.microsoft.com/kb/286350/en-us
    http://www.networksteve.com/exchange/topic.php/Excel_cannot_complete_this_task_with_available_resources_error,/?TopicId=39411&Posts=1
    Please Note: Since the web site is not hosted by Microsoft, the link may change without notice. Microsoft does not guarantee the accuracy of this information.
    Hope it's helpful.
    George Zhao
    TechNet Community Support

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