There is no statutory amount needed to file bankruptcy. With the new bankruptcy reform it may be difficult to file a Chapter 7 if the person has even a small amount of expendable/nonexempt assets....
The conversion fee the court charges to convert Chapter 13 to Chapter 7 is $25. Your attorney may charge you additional attorneys fees as well.
Please note that nothing in this posting or in any...
You have to wait 2 years, in Tennessee anyway, between filings.
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Bankruptcy is ALWAYS in a Federal Court and under Federal Laws. (Yes, some Federal Districts use the prevailing rules...
The debtor cannot file a Chapter 13 unless: (1) the debtor received a discharge under Chapter 7, 11 or 12 more than four years ago; or (2) the debtor received a discharge under Chapter 13 more than...
In Illinois, Chapter 7 eligibility requires that one must not be able to pay at least $6,000 over the next five years, or $100 per month, to unsecured creditors after expenses. Chapter 7 will likely...