Can I file Chapter 7 bankruptcy? I have no assets or income
Date: Sun, 09/16/2018 - 20:45
Can I file Chapter 7 bankruptcy? I have no assets or income
The effect of your
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.
I think you should talk to a
I think you should talk to a good bankruptcy lawyer to get the best solution.
Yes, under the bankruptcy law
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.