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Mercado & Hartung, PLLC | Christopher J. Mercado
You need to pass the means test.
Answer Applies to: Washington
Replied: 8/24/2011
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
There is no minimum amount.
Answer Applies to: California
Replied: 8/1/2011
Ashman Law Office | Glen Edward Ashman
While there is not a minimum amount, not everyone qualifies. You need to talk to a lawyer to see if you do.
Answer Applies to: Georgia
Replied: 7/27/2011
The Law Office of Mark J. Markus | Mark Markus
There is no minimum debt for any bankruptcy chapter.
Answer Applies to: California
Replied: 7/26/2011
Bankruptcy Law Center | Bill Zurinskas
Applies to Bankruptcy in Colorado only: There is no limit on the minimum amount of debt in a chapter 7 bankruptcy. Chapter 7 Bankruptcy will be on your credit report for 10 years. So the question you should ask yourself is "Is it worth having a bankruptcy on my credit report for 10 years to get ride of $?"
Answer Applies to: Colorado
Replied: 7/26/2011
Mauritz Van Niekerk, Attorneys at Law | Christiaan van Niekerk
See a lawyer to file - the law is complicated.
Answer Applies to: New York
Replied: 7/25/2011
Florio Law Firm, PLLC | Amber Morgan Florio, Attorney at Law
There is no minimum amount of debt required to file a bankruptcy. However, there is a maximum amount of debt that can be discharged through a personal Chapter 7 Bankruptcy.
Answer Applies to: Texas
Replied: 7/25/2011
Bird & VanDyke, Inc. | David VanDyke
No. You can file on any amount of debt.
Answer Applies to: California
Replied: 7/25/2011
Bankruptcy Law office of Bill Rubendall | William M. Rubendall
There is no minimum amount of debt required to file bankruptcy. However, a decision to file should be seriously considered. For one thing, a bankruptcy stays on your credit report for a long time-ten years.
Answer Applies to: California
Replied: 7/25/2011
Law Office of Maureen O' Malley | Maureen O'Malley
No minimum debt required. Show debts, assets, income, expenses, and other financials. Do consumer counseling. Go to 341 meeting. Have lawyer represent you.
Answer Applies to: Virginia
Replied: 7/25/2011
Financial Relief Law Center | Mark Alonso
There is no minimum amount of debt required to file for a chapter 7 That may be a viable solution to your issue, however, you may also consider letting the statute of limitations run. Generally in CA the statute of limitations on an open ended account is 4 years from the date you last paid them. Most credit cards are considered to be open ended accounts. In such a case, if you know when the date you last paid each account, then you may be able to assert this once the statute of limitations has expired.
Answer Applies to: California
Replied: 7/25/2011
Law Offices of Daniel Moulton | Daniel Moulton
There is no minimum amount required, but you must decide if it is in your best interest to file a bankruptcy if you are discharging a small amount, such as something less than $5,000.00. The adverse effects of filing bankruptcy may not make filing worthwhile.
Answer Applies to: Illinois
Replied: 7/25/2011
Ryan Legal Services, Inc. | Kevin Ryan
There is no "minimum" debt for Chapter 7. However, a Chapter 7 case is essentially a liquidation case and an attorney would need to analyze your situation to make sure all or almost all of your money and property would be protected when you would file the case.
Answer Applies to: Ohio
Replied: 7/25/2011
Lake Forest Bankruptcy | Anerio V. Altman, Esq.
No. There is no minimum amount of debt required to file. It doesn't make sense if it is a small or inconsequential debt, but no minimum is required.
Answer Applies to: California
Replied: 7/25/2011
Law Office of Bobby Yaghoubian | Bobby Yaghoubian
There is no minimum debt per se that you need to have to be able to qualify to file for bankruptcy. There are several factors such as your income, expenses, debts, and family size that need to be taken into consideration before determining what the right solution for you is.
Answer Applies to: California
Replied: 7/25/2011
Apple Law Firm PLLC | David Goldman
You have to see if you qualify for a chapter 7. THere are required hearings and other things that must be done prior to filing. You should talk with a bankruptcy lawyer to see if you qualify.
Answer Applies to: Florida
Replied: 7/25/2011
Law Office of Harry L Styron | Harry L Styron
Whether or not you can file Chapter 7 depends on your income, not on your debt. You need to discuss your situation with a bankruptcy attorney.
Answer Applies to: California
Replied: 7/25/2011
Benson Law Firm | David Benson
There is no minimum debt level, but I don't usually recommend Chapter 7 bankruptcy to folks with less than $8,000 in unsecured debt.
Answer Applies to: Ohio
Replied: 7/25/2011
Theodore N. Stapleton, PC | Theodore N. Stapleton
There is no minimum debt amount it is a personal decision based on many factors, such as you can only get a chapter 7 discharge once every eight years.
Answer Applies to: Georgia
Replied: 7/25/2011
