Can I file bankruptcy even though my income has dropped significantly?
It is better you contact a
It is better you contact a bankruptcy attorney and discuss with him.
What s your plan- filing
Submitted by Sanders Patricia on Fri, 09/15/2017 - 02:21
Do you have enough assets
Do you have enough assets that you want to keep? As per your given information, I believe chapter 7 is good for you. But, it would be better if you can provide us a better picture of your finances...tell us more about your debts, expenses, income, investments, assets..etc.
Chapter 7 is what you can
Chapter 7 is what you can qualify for. Check out other eligibility requirements.
You can file bankruptcy
You can file bankruptcy whenever you want. But count in some factors here:
If you want to take help of bankruptcy to clear your debts, then you can go for Chapter 13.
With a chapter 7 bankruptcy, you will be liquidating some valuable assets.
Bankruptcy is going to hurt your credit report a lot.
But first of all, try to find a job. Money is time mate!