Comments on: True that you can not file a chapter 7 bankruptcy with credit card debt? http://www.debtdodger.com/blog/887/true-that-you-can-not-file-a-chapter-7-bankruptcy-with-credit-card-debt/ Exploring Every Possible Means to Avoid & Eliminate Debt Mon, 19 Jul 2010 19:37:37 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: samy http://www.debtdodger.com/blog/887/true-that-you-can-not-file-a-chapter-7-bankruptcy-with-credit-card-debt/comment-page-1/#comment-3440 samy Wed, 04 Nov 2009 23:20:59 +0000 http://www.debtdodger.com/blog/887/true-that-you-can-not-file-a-chapter-7-bankruptcy-with-credit-card-debt/#comment-3440 I found interesting information about your answer & options here. (this article: Personal Bankruptcy, the myths and facts:) http://all-debt-consolidation-loan.blogspot.com/2007/08/personal-bankruptcy.html<br><b>References : </b><br> I found interesting information about your answer & options here. (this article: Personal Bankruptcy, the myths and facts:) http://all-debt-consolidation-loan.blogspot.com/2007/08/personal-bankruptcy.html
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]]> By: JQT http://www.debtdodger.com/blog/887/true-that-you-can-not-file-a-chapter-7-bankruptcy-with-credit-card-debt/comment-page-1/#comment-3439 JQT Wed, 04 Nov 2009 23:15:59 +0000 http://www.debtdodger.com/blog/887/true-that-you-can-not-file-a-chapter-7-bankruptcy-with-credit-card-debt/#comment-3439 Not true. You can file Chapter 7, Chapter 13, and maybe Chapter 11 if you are a small business. In fact one way to look at them, Chapter 13 rules might be more restrictive than the others. You will need to have certain amount of disposable income (or assets) to file for Chapter 13. File for Chapter 7 to start and if you meet the requirements, some of your debts will be forgiven. If not, they will put you on a debt reorganization 5-year plan (i.e. Chapter 13). Best wishes.<br><b>References : </b><br> Not true. You can file Chapter 7, Chapter 13, and maybe Chapter 11 if you are a small business. In fact one way to look at them, Chapter 13 rules might be more restrictive than the others. You will need to have certain amount of disposable income (or assets) to file for Chapter 13.

File for Chapter 7 to start and if you meet the requirements, some of your debts will be forgiven. If not, they will put you on a debt reorganization 5-year plan (i.e. Chapter 13).

Best wishes.
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