Mr.J0k3r Mr.J0k3r

März 19, 2021

Can there be a minimal amount of cash that i need to owe to register bankruptcy?

Filed under: america advance payday loan — LIn Kvardo @ 8:42 am

Quick Response: No. The U.S. Bankruptcy Code doesn’t lay out any minimal amount of cash that you must owe or perhaps with debt, before filing for bankruptcy.

Having said that, then yes, your case could possibly be dismissed for “abuse” of the bankruptcy laws if you owe so little that you can easily afford to repay it, and the U.S. Trustee’s office or a creditor objected or filed a motion to dismiss your case.

But then there is no reason why you could not obtain a discharge or cancellation of your debts through bankruptcy, assuming that you otherwise qualify for it if you are unable to pay your debts, even though it is not a large amount of money owed.

But think before you file bankruptcy over a relatively small amount of money about it carefully. Filing bankruptcy is just a decision that is serious and really should never be done until you should do it. When there is a means with you when you consult with our firm for you to avoid filing bankruptcy, we will discuss that

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