There's no maximum amount. If you can't make your payments you file bankruptcy.
It would depend on the person as to how much debt one would have to have before filing for bankruptcy. Some people can have more debt than others and be ok with it, while others would feel the need to file.
It depends on the amount you in your debt. If your debt is a large sum and figure, the best and most ideal thing would be to declare bankruptcy. If not debt settlement would be much easier.
If you have got into too much debt and cannot pay the money you still owe you may consider filing for bankruptcy. The Bank for America address for bankruptcy is, Bank of America, Attn: Bankruptcy Department, 475 Crossy Point Pkwy, PO Box 9000, Getzville, NY 14068-9000.
If you are considering bankruptcy then it makes sense that you would seek out as much free bankruptcy advice as possible before you take the plunge.There are a number of longterm bankruptcy effects which cannot be avoided, so it is important that you are fully informed about the process of bankruptcy and what it means to your personal, professional and financial standing.The Internet is a great place to start when looking for free bankruptcy advice. There are a number of websites out there which offer an in-depth bankruptcy research. You should always seek expert advice about bankruptcy as there could be other debt solutions which are more suitable for your situationINFO:Before filing for bankruptcy, remember that it remains in record for 10 long years. Meet good financial lawyers to be able to handle this issue properly. Better consult them for advice so you will be guided. Filing for bankruptcy is not an easy thing to handle so better seek for legal advisers who will help you all throughout.
UK. Bankruptcy £15,000 or more. If you have less than £15,000 worth of debt, sustainable under 15k for the duration of one year and meet certain criteria, you may qualify for a debt relief order, which is, in effect, a mini bankruptcy.
id say 20,000 or higher.
It would depend on the person as to how much debt one would have to have before filing for bankruptcy. Some people can have more debt than others and be ok with it, while others would feel the need to file.
No type of bankruptcy, whether chapter 7, 11, or 13 discharges a civil or criminal judgment against you. Those are considered non-dischargeable debts and will remain with you until you pay them. Be sure to familiarize yourself with what will and will not be discharged before filing for bankruptcy as you may find that much of your debt is nondischargeable in which case bankruptcy may not be the option for you.
If the debt was incurred prior to the bankruptcy, then you cannot file a lien and your debt will be dealt with in the Chapter 11 plan of reorganization. If the debt was incurred after the bankruptcy, then any action you do take must be approved by filing the appropriate with the bankruptcy court first.
It depends on the specific type you are filing for. But whether you are an individual or a corporation, the monetary amount of debt, and how much you make annually can all factor into the equation of qualification.
You probably have to! You were supposed to include everything you owe and everything you own...you swore and signed legal documents saying you did. You don't pick and chose what you have to be included....it all is. Some things are exempt for actions against by law...but that is their class, not that they aren't included in the filing. If you forgot something, you should probably advise the court and correct the clerical error you made.
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It depends on the amount you in your debt. If your debt is a large sum and figure, the best and most ideal thing would be to declare bankruptcy. If not debt settlement would be much easier.
If you have got into too much debt and cannot pay the money you still owe you may consider filing for bankruptcy. The Bank for America address for bankruptcy is, Bank of America, Attn: Bankruptcy Department, 475 Crossy Point Pkwy, PO Box 9000, Getzville, NY 14068-9000.
In principle, yes, but it depends on the equity in your home and how much of it you can exempt, as well as the non-exempt equity in all other assets and how much debt, income and expenses you have.
It depends on how much debt you need to get rid of as well as what chapter of bankruptcy you would qualify. The first difference is whether you are filing as an individual or as a company or corporation. Beyond this, factors would include the monetary amount of debt, yearly income, property, among other things. The article below includes a breakdown of the different chapters and qualifications for each.
If you are considering bankruptcy then it makes sense that you would seek out as much free bankruptcy advice as possible before you take the plunge.There are a number of longterm bankruptcy effects which cannot be avoided, so it is important that you are fully informed about the process of bankruptcy and what it means to your personal, professional and financial standing.The Internet is a great place to start when looking for free bankruptcy advice. There are a number of websites out there which offer an in-depth bankruptcy research. You should always seek expert advice about bankruptcy as there could be other debt solutions which are more suitable for your situationINFO:Before filing for bankruptcy, remember that it remains in record for 10 long years. Meet good financial lawyers to be able to handle this issue properly. Better consult them for advice so you will be guided. Filing for bankruptcy is not an easy thing to handle so better seek for legal advisers who will help you all throughout.