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Lou | Can you file chapter 7 bankruptcy if you make over $35,000(U.S.) a year? |
and if so....will they liquidate your retirement?
Additional Details
oops...
chapter 7 is straight bankruptcy...and i live in alabama...average median is $38,000...not 35... |
 |
 
Patrick
|
Yes you can.....and no they can't touch retirement as long as you didn't deposit a bunch of money into your retirement knowing that you were going to file. Your allowed to make up to your states median average.....i know in michigan its 67k per year. Ask around and get a good reference for any attorney.....then ask that attorney to recommend you to a bankruptcy attorney if they are not one. (It can be embarrassing to ask people for a bankruptcy attorney from friends or family so just ask them for a good ordinary attorney, then ask that attorney for a recommended bankruptcy attorney. Its very important to get a good referral for an attorney because there's goofy ones out there. Generally a good referral leads to good people). Bankruptcy attorneys usually will meet with you the first time for free and let you know what your options are.
I always paid my bills, and lost everything I had needlessly because I thought I was doing the right thing. I should have filed way before I lost everything. Once you decide to let go, you'll sleep better, (and I know for me) your health will improve. Bankruptcy for dummies is a great book, it was the last thing I charged on my card, it answered alot of questions and gave me peace of mind. We were able to keep everything we had left, and start over, just like companies get to do.
Good luck......hope this helped.....be sure to ask an attorney or two about your situation.....and be truthful with everything......it will all work out |
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Chase
 |
i would go to a law firm and ask them about it. |
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FriedRice
|
obviously not, if you still earn an income above poverty level you can't file chapter 7 bankruptcy and i believe they can liquidate your retirement, but not too sure about that part
consult a financial specialist becuase they know more about this |
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Jennifer
|
Hi,
I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It's legitimate.I came across this company on NBC News Special Edition.Check it out here:
http://starturl.com/tyjxb |
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Jess
|
you got to hire an attorney and see what ur options are. |
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partytime
|
try looking into chapter 13, this link might help you |
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Fcl Attny
 |
Yes. Debt to Income Ratio. NO. |
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StarGazer
 |
You can make any amount to file bankruptcy, but Chapter 7 that's a different story. I think 35,000 is the maximum you can make. But i'm not sure. Check with a bancruptcy attorney. |
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Jeff L
 |
Watch this video.
It will answer your money troubles...
http://www.youtube.com/watch?v=tuNe53ukCkc |
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Time_calculator
|
Maybe. Try it. If you have health problems I think you can. |
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Brian J
|
35,000 do you still live at home
What there to liquidate? 35k a year.....go back to college |
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gordon
|
No, they shouldn't. You can file making any amount. Look at Donald Trump |
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Christian L
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si porque tu quieres bankruptcy. es mal |
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