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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.

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20y ago

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Related Questions

Can you keep your house and car if you file chapter 7?

Sometimes. It depends on the value(s) of the home and car and how much money you owe on them if any.


If you owe money on your car will it be taken if you file chapter 7?

No, you can reaffirm it and continue to pay your obligation.


Can you keep your home if you file chapter 7 bankruptcy and owe more on your second mortgage than the first?

yes


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 often can I file for Chapter 7 bankruptcy?

You can file for Chapter 7 bankruptcy once every 8 years.


How often can you file for Chapter 7 bankruptcy?

You can file for Chapter 7 bankruptcy once every 8 years.


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?