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Debt Consolidation Forums Bankruptcy Chapter 7 and Chapter 13 forums

Can I file Chapter 7 bankruptcy? I have no assets or income

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I live in a rented apartment. Currently unemployed. Have no valuable assets. Can I file Chapter 7 bankruptcy? I owe $50,000 to Chase.

The effect of your unemployment status on bankruptcy depends on the following factors:

The tenure of your unemployment
Your monthly income before unemployment
If you'll start working soon
If you have any other source of income

You have to report your income in the last 6 months to the bankruptcy court. If your monthly income was decent, you may not qualify for bankruptcy.

How are you paying your rents? Instead of thinking about bankruptcy, you should find a job and try to settle your debts.

Sub: #1 posted on Mon, 09/17/2018 - 21:02

David Martin David Martin

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I think you should talk to a good bankruptcy lawyer to get the best solution.

Sub: #2 posted on Thu, 09/20/2018 - 06:20

sanderspatricia29 sanderspatricia29

(Posts: 926 | Credits: )

Yes, under the bankruptcy law, you can still file for Chapter 7 bankruptcy, even if you don't have any assets or property. These are called "no-asset" cases.

Sub: #3 posted on Tue, 09/25/2018 - 00:16

Barbara Delinsky Barbara Delinsky

(Posts: 386 | Credits: )

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