What Happens To The Debt In Chapter 7 Bankruptcy 2022

When you declare bankruptcy, you will file a petition in federal court. Once your petition for bankruptcy is filed, your creditors will be informed and must stop pursuing any debt you owe. The court will then request certain information from you, including: The total amount of debt you owe A complete list of all your creditors An accounting … Read more

How Much Do You Have To Be In Debt To File Chapter 7

You do not have to be in a specific amount of debt to file Chapter 7 bankruptcy. Your income might play a role in your ability to file for Chapter 7 bankruptcy protection, and you might be required to complete a “means test” to determine your eligibility. In This Article Determine Your Eligibility to File Chapter … Read more