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  1. #1
    Join Date
    Mar 2009
    Posts
    4

    Default Can I File Chapter 7

    My question involves bankruptcy in the state of: Florida. I like many others have been effected by the bad economy. I can"t make the payments on my cc anymore or my vehicle payments. Heres the run down: 40000 in cc, owe 30000 on a 15000 vehicle, 3000 in medical and a 1500 dollar a month mortgage. I gross 2400 a month, and my wife about 2800. Will that kind of income allow me CH 7 or 13. Is one better than the other as far as credit history or is BK just a BK

  2. #2
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Can I File CH 7

    You & your wife may make too much to file a Chapter 7 bankruptcy. However, you need to talk to a bankruptcy attorney. You do owe a lot.

    However, do you mean owe $3000 (not $30000) on a $15000 vehicle?

  3. #3
    Join Date
    Jan 2008
    Posts
    164

    Default Re: Can I File CH 7

    Yes you can but you must speak to a BK lawyer check this link out.
    http://www.usdoj.gov/ust/eo/bapcpa/2...come_table.htm also for all information go to

    bankruptcylawnetwork.com

    God Bless

  4. #4
    Join Date
    Mar 2009
    Posts
    4

    Default Re: Can I File CH 7

    Quote Quoting acip4u
    View Post
    Yes you can but you must speak to a BK lawyer check this link out.
    http://www.usdoj.gov/ust/eo/bapcpa/2...come_table.htm also for all information go to

    bankruptcylawnetwork.com

    God Bless
    Thanks me and my wife were under the salary amount for 08'. She didnt work half of the year and i didnt make very much. I haven't gotten a salary check in 3 weeks now so that might help our eligibility . Thanks for your replies

  5. #5
    Join Date
    Apr 2007
    Location
    Il.(near StL,Mo.)
    Posts
    5,252

    Default Re: Can I File Chapter 7

    I was going on you & your wife's total income for the mo. not taking into consideration no one didn't work/worked part-time & the chart I have in my ref. book has a lower median inc. than the chart in the link for two people. The chart in the link is probably the most up to date since it has a higher income allowed.

    Anyway, you'll need to talk to a bk attorney.

  6. #6
    Join Date
    Mar 2009
    Posts
    4

    Default Re: Can I File CH 7

    Quote Quoting Betty3
    View Post
    However, do you mean owe $3000 (not $30000) on a $15000 vehicle?
    30000 on a 15000 vehicle. i was 7000 grand upside down on my trade and i got alot of miles on this one. I good intentions on paying this vehicle off. Bit it didn't work out that way.

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