"How Much Do You Have To Be In Debt To File Chapter 7"
How Much Do You Have To Be In Debt To File Chapter 7?
If you're considering filing for Chapter 7 bankruptcy, you may be wondering how much debt you need to have before you qualify. The answer is that there is no minimum amount of debt required in order to file for Chapter 7 bankruptcy. However, there are other factors that can affect whether or not your petition will be approved by the court.
In general, the more debts you have and the higher your total debt load is, the more likely it is that your petition will be approved. This is because creditors are more likely to get a better return on their investment if they know that all of your assets will be liquidated in order to pay off your debts.
The main Law Offices of Omar Zambrano has helped thousands of people and businesses in the past to get out of debt and start over.
Our goal is to help you find a fresh start FAST!
Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706