Can I file a chapter 7 on a debt that I can't afford to pay? 8 Answers as of August 09, 2017

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Ronald K. Nims LLC | Ronald K. Nims
Yes, that's pretty much what Chapter 7 is designed for.
Answer Applies to: Ohio
Replied: 8/9/2017
Stephens Gourley & Bywater | David A. Stephens
Generally yes.
Answer Applies to: Nevada
Replied: 8/3/2017
Richard B. Jacobson & Associates, LLC | Richard B. Jacobson
Of course. The usual reason for filing a bankruptcy under any chapter is to be relieved of debts you cannot afford to pay. You may be thinking of Chapter 13 rather than Chapter 7. While you do make payments in a Chapter 13, they need not be 100% of the creditors' claims; in fact they are typically only a small percentage of the total claim.
Answer Applies to: Wisconsin
Replied: 8/3/2017
A Fresh Start
A Fresh Start | Dorothy G Bunce
If you are eligible to file Chapter 7, every debt must be included. I cannot understand why you might want to omit a debt you cannot afford to pay from bankruptcy.
Answer Applies to: Nevada
Replied: 8/3/2017
Timothy Casey Theisen, P.A. | Tim Theisen
Yes, that's why people file bankruptcy.
Answer Applies to: Minnesota
Replied: 8/2/2017
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