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    SnakeBite's Avatar
    SnakeBite Posts: 68, Reputation: 4
    Junior Member
     
    #1

    Sep 5, 2007, 06:00 PM
    Am I eligible to file Bankruptcy?
    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's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    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)

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