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SnakeBite
Sep 5, 2007, 06:00 PM
I am in credit card debt for approximately $10,000 and all are in judgement status.

1) Am I eligible to file Bankruptcy?
2) Is there a minimum amount of debt owed to qualify for bankruptcy?
3) Can someone direct me to a web site to get info on the new Bankruptcy laws that have been passed?

Thank you in advance!

Fr_Chuck
Sep 5, 2007, 06:38 PM
What form do you wish to file ( assuming personal not business) chapter 7 or chapter 13.

What is your income, what is your net worth

If you owe 10,000 and make 50,000 a year most likely you can work out payment plans.

One of the things you have to do is attempt to use a court approved debt service.

You best bet is to talk to a bankruptcy attorney locally ( most allow the first visit free)