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Generally speaking, there is not a minimum debt that qualifies you to file for bankruptcy but rather the court evaluates your income versus your debt to determine whether bankruptcy is appropriate. Known as a "means test", it is a complicated calculation that determines your ability to pay your creditors and also compares your financial status with that of the average person in your area. You have to pass this test in order to file for Chapter 7. Also, prior to being able to file you will undergo credit counseling.
Wiki User
∙ 14y ago
Wiki User
∙ 9y agoThe cost to file Chapter 7 will vary depending on the type of bankruptcy. Chapter 13 costs $281. Chapter 7 costs $306.
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In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?
You can file bankruptcy again 7 years after the last time you filed.
Can you file again if you filed in may 2005 on chapter 7?
You can file a chapter 13 bk, but NOT another chapter 7.
How long do you have to be unemployed to file chapter 7?
You do not have to be unemployed to file bankruptcy.
When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?
The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.
Can you file chapter 7 bankruptcy now after filing in July 2004?
A person can file chapter 7 after 8 years from a previous chapter 7. So the answer is NO.
How much do you have to owe to file chapter 7?
There is no statutory amount needed to file bankruptcy. With the new bankruptcy reform it may be difficult to file a Chapter 7 if the person has even a small amount of expendable/nonexempt assets. One of the objectives of the new BK regs. is to require more debtors to file a Chapter 13 rather than a 7.
How soon after filing for a Chapter 7 Bankruptcy can you file another?
if your still in chapter 7 you have to get out first but you can file again check the laws in you state on chapter 7. laws has chang.
Refile chapter 7?
How soon after filing Chapter 7 Bankruptcy, can you file either Chapter 13 or Chapter 7 Banruptcy again?
You have huge debt medium income do not want chapter 13 will divorce let us file chapter 7?
Divorce will not affect filing chapter 7. If the divorce is final, you will have to file separate chapter 7s. If the divorce is not final, or has not happened, you can file a joint chapter 7.
I need to know how to file bankruptcy.?
You need to contact a bankruptcy lawyer since you need to have one to file. Which chapter depends on how much money you have, you may not qualify for chapter 7 if you have too much money.
If Husband and you filed chapter 13 in June but he lost his job in December and now you need to convert to a chapter 7 the only problem is he filed chapter 7 in 2004 can you still file a chapter 7?
You would be able to file for chapter 7 but not your husband.
If you filed a chapter 13 and it was discharged about 1 year ago can you file a chapter 7 now?
You can indeed file a chapter seven. However, new bankruptcy reforms will go into effect in October, and it will be much more difficult to file a chapter seven, total liquidation BK.
