FAQ: Do I Owe Enough To File Bankruptcy?

North Carolina Bankruptcy Lawyer in Charlotte NC for Chapter 7 / Chapter 13

Do I Owe Enough To File Bankruptcy?

There is no set amount that qualifies you to file, or not to file, bankruptcy (although if you have a lot of debt, you may not be able to file for Chapter 13 repayment plan.) For some, $50,000 isn't enough and for others $5,000.00 is.

Many people think there is a magic number for being eligible to file. The decision to file is an individual decision that is based upon a lot of things, besides just the amount of debt you have. It depends on your particular circumstances of income and expenses. Factors such as how much you can afford to pay back, job stability, age, family needs, and health problems are all to be considered.

Part of what a good bankruptcy lawyer will do it go over your situation and discuss how bankruptcy will affect you. The bankruptcy attorney should give you whatever recommendations they can, and explain why they recommend that you look further at that option.

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The Law Office of Susanne M. Robicsek

1701 Scott Avenue Charlotte North Carolina 28203

phone:704 / 377-0776

fax: 704 / 377-0775

DISCLAIMER: This message is intended as a general discussion of legal issues and not as a statement of fact, legal advice or a legal opinion; Personal opinions may also be expressed. No attorney-client relationship is created by this message; Do not act or rely upon law-related information in this communication without seeking the advice of an attorney licensed to practice in the relevant area.

The Law Office of Susanne M. Robicsek is

a Federally Designated Debt Relief Agency

under the Bankruptcy Code.

I file bankruptcy cases for people in financial need,

and have been doing so since 1989.

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Charlotte NC Bankruptcy Lawyer Concentrating In Consumer Bankruptcy Since 1988