Chapter 7 in California...
How many points will my credit score go down? I have heard anywhere from 80-300 points. I would just like to know so that I know what to expect if I do file Chapter 7...Thanks to all for any answers.
I don't think you qualify for Chapter 7 bankruptcy. But you can
I don't think you qualify for Chapter 7 bankruptcy. But you can qualify for Chapter 13 bankruptcy as your debt is less than $336,900.
Why wouldn't they qualify? Is the $336,900 limit for unsecure
Why wouldn't they qualify?
Is the $336,900 limit for unsecured debt only?
Bk Chapter 7
It is all depending on your income. Anyone can file chapter 7 as long as their debt is higher than what they make and can afford to pay back. All in good faith.
Having your debt higher than what you make has nothing to do wit
Having your debt higher than what you make has nothing to do with qualifying for a BK. Chapter 7 is based on whether your income meets your states median income or less.
Consult with a bankruptcy attorney. The will tell you whether you qualify or not.
I was discharged last February 11 and my debt was $70K and i did
I was discharged last February 11 and my debt was $70K and i didn't come across any problems. Now i am $0 liabilities now showing on my credit. Something that i am not proud of, but i was really having a hard time making ends meet. My score fell from 715 to 601 which isn't too bad at all.