More details to this question:
i owe 30k in credit card and loans would like to know if i quaqlify for bankruptcy have been making all my payments but continue to get into debt. Cant keep up anymore.
15 ANSWERS
Bruce Arthur Plesser
Reduce your home mortgage.
Answered on Jun 29th, 2013 at 1:24 AM
Barbara A. Fontaine
I expect you do "qualify for bankruptcy" but you must consider whether you want to. If you cannot keep up payments or the balances do not go down, then this might be what you need to do. Go for it, get rid of unsecured debt ( credit cards ) and be careful in the future.
Answered on Aug 13th, 2012 at 12:58 PM
Burton J. Green
You qualify for bankruptcy. Talk to an attorney.
Answered on Jun 28th, 2012 at 5:03 PM
Bankruptcy Attorney serving Concord, CA
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William Rubendall Attorney at Law
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If your debt is out of control you might want to contact a bankruptcy attorney. You also might consider a credit counselor regarding a payment plan.
Answered on Jun 28th, 2012 at 1:30 PM
Bankruptcy may be a good solution for you. You should consult a local bankruptcy attorney for guidance.
Answered on Jun 27th, 2012 at 10:03 PM
Qualification depends upon income and family size, as well as debt, but it looks as though you probably qualify.
Answered on Jun 27th, 2012 at 6:35 PM
Immigration Attorney serving Arlington, TX
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Law Office of Pho Ethan Tran, PLLC
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You qualify for bankruptcy when you have debts which you are unable to pay for. To request bankruptcy protection, you must submit a bankruptcy petition with the bankruptcy court having jurisdiction over your place of residence through the court's ECF electronic filing system. As part of the process, you are also required to complete a credit counseling course and a finanical management course too.
Answered on Jun 27th, 2012 at 3:55 PM
You should speak with an attorney for a more specific answer. However, in general, if you do not have enough assets to pay your debts and/ or your current income is not enough to pay your current bills on a month to month basis, you qualify for bankruptcy.
Answered on Jun 27th, 2012 at 3:13 PM
Bankruptcy Attorney serving Atlanta, GA
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Saedi Law Group, LLC
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In order to qualify for a Chapter 7 bankruptcy you must meet certain income and asset requirements. This will differ depending on where you live and what your allowable budget provides. I would suggest that you set up a meeting with a bankruptcy attorney to review your finances and provide those options available.
Answered on Jun 27th, 2012 at 3:13 PM
There is no limitation on the amount of debt you have. Eligibility for bankruptcy has to do with income and the type of debt, with regard to which chapter you file under, either 7 or 13 for most consumers. A qualified bankruptcy attorney will ask you numerous questions prior to or during a consultation to help advise you on the chapters that may accomplish your goal of eliminating debt.
Answered on Jun 27th, 2012 at 2:57 PM
Bankruptcy: Creditor Attorney serving Grand Island, NE
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Milner Neuhaus & Judds
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Your qualification depends on your income and household size. The amount of debt isn't the determining factor.
Answered on Jun 27th, 2012 at 2:56 PM
Bankruptcy Attorney serving Phoenix, AZ
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Law Office of D. L. Drain, P.A.
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Normally, everyone "qualifies". The important question is "should you file for bankruptcy"? Please understand that bankruptcy is a very complicated process. It is wise to talk to an experienced bankruptcy attorney before deciding to take this important step. Most Arizona bankruptcy attorneys offer a free consultation about the basics of bankruptcy.
Answered on Jun 27th, 2012 at 2:53 PM
Criminal Defense Attorney serving Deltona, FL
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R. Jason de Groot, P.A.
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You can qualify for bankruptcy if you expenses exceed your income. You need to determine which chapter you can file. Chapter 7 is preferred when you want to get out of all of your debt but you have to qualify for it. Contact a bankruptcy attorney in your area to see if you can file a chapter 7 or if you will have to file a chapter 13. You can read my pamphlet at my website on chapter 7.
Answered on Jun 27th, 2012 at 2:53 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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See an attorney before you make any firm decision so that you can understand you options, benefits and detriments.
Answered on Jun 27th, 2012 at 2:51 PM
Bankruptcy Attorney serving Overland Park, KS
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The Smalley Law Firm, LLC
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You definitely qualify for Chapter 13 bankruptcy if you do not qualify for Chapter 7 bankruptcy. However, most people are able to qualify for Chapter 7 bankruptcy with the assistance of an attorney. I suggest you consult with a bankruptcy attorney to discuss the details of your specific situation.
Answered on Jun 27th, 2012 at 2:48 PM