This section covers the “notice of intent” that you must file before getting a bankruptcy petition approved.
The average person files for Chapter 7 bankruptcy in their state of residence.
Most people need more income to qualify for Chapter 7 if they file in a different state.
You can qualify for Chapter 7 bankruptcy regardless of your income, but you may have to file an additional form or a “Chapter 13” bankruptcy.
You can qualify for Chapter 13 bankruptcy even if you have more than $178,000 in debt (debt you’re repaying under the supervision of a court).
You don’t need to pay back anything while you’re under the supervision of the court.
The average person files for Chapter 7 bankruptcy in their state of residence.
The average person files for Chapter 7 bankruptcy in their state of residence.
The only exceptions are those who live outside the United States and want to file under the laws of another country or if you’re a member of Congress or a diplomat working for an international organization (like NATO).
Most people need more income to qualify for Chapter 7 if they file in a different state.
If you need to know if your state offers Chapter 13 or have any questions about the process, contact an attorney who can help. You can also check out the federal bankruptcy court websites for more information.
If you plan to file for Chapter 7 bankruptcy in New York City, be aware that several requirements must be met before starting this type of case:
You can qualify for Chapter 7 bankruptcy regardless of your income, but you may have to file an additional form or a “Chapter 13” bankruptcy.
You can qualify for Chapter 7 bankruptcy regardless of your income, but you may have to file an additional form or a “Chapter 13” bankruptcy.
You don’t need to pay back anything while you’re under the supervision of the court.
You can qualify for Chapter 13 bankruptcy even if you have more than $178,000 in debt (debt you’re repaying under the supervision of a court).
You can qualify for Chapter 13 bankruptcy even if you have more than $178,000 in debt (debt you’re repaying under the supervision of a court).
To qualify for Chapter 13 bankruptcy, you must:
You don’t need to pay back anything while you’re under the supervision of the court.
You don’t need to pay back anything while you’re under the supervision of the court.
You can only make payments once you have a repayment plan, so if your income is low and won’t cover your expenses, consider filing for Chapter 13 bankruptcy instead.
If you’re considering filing for bankruptcy in New York, know the qualifications and types available before you do so.
If you’re considering filing for bankruptcy in New York, know the qualifications and types available before you do so. It’s essential to understand what happens when you file for bankruptcy and how much it will cost. You don’t want to file if:
Following is a list of the states where you can file for bankruptcy:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut*, Delaware, Florida (excluding Broward County), Georgia, Hawaii, Idaho* Indiana, Iowa*, Kansas, Kentucky*, Louisiana* Maryland, Michigan* Minnesota (with some exceptions), Mississippi, Missouri, Montana** Nebraska*** New Hampshire*** New Jersey*** New Mexico*** North Carolina*** North Dakota**** Ohio* Oklahoma***** Oregon**** Pennsylvania*** South Carolina*** Tennessee**** Texas***** Utah***** Vermont**** Virginia **** Washington**** West Virginia******** Wisconsin******** Wyoming*****
I’ve had success with Chapter 7: I’m a college grad who made a mistake on my tax return and was forced to pay back taxes and interest. I recommend this route if your income is low enough or it’s too expensive to file for Chapter 13. The most significant advantage of Chapter 7 (compared to other forms) is that you don’t have to make any payments while in the court’s supervision. You can also expect an automatic stay on all your debts, preventing creditors from garnishing your wages or harassing you about the debts you are under their care. There are no limitations on how much debt you can have once you’ve filed for Chapter 7, so long as your income is at most $335 per month ($4300 for joint filers). Lastly, in most states, all nonprofit organizations will be exempt from creditor pursuit.
If you’re having trouble paying off creditors under either Bankruptcy or Contempt/Judgment: You need to file a “summons.” This is an order commanding the creditor who failed to comply with the terms of our agreement. A summons shows that they committed fraud and must now turn over our assets (or reimburse us by providing proof that they are entitled to our investments). If an organization turns over
