Hoboken Bankruptcy AttorneyHow much I need to owe | New Jersey bankruptcy attorney & New Jersey bankruptcy lawyer http://jenlawyer.com New Jersey bankruptcy lawyer Jennifer Weil represents Chapter 7 bankruptcy clients living in northern New Jersey counties, including Hudson County, Essex County, Bergen County, Passaic County, Union County, Morris County, and Sussex County. Mon, 14 May 2012 11:00:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 How much do I need to owe to file for bankruptcy? http://jenlawyer.com/217/how-much-do-i-need-to-owe-to-file-for-bankruptcy/ http://jenlawyer.com/217/how-much-do-i-need-to-owe-to-file-for-bankruptcy/#comments Mon, 21 Dec 2009 13:00:19 +0000 jweil http://jenlawyer.com/?p=217 Yet Another Related Posts Plugin.]]> Many people who call are concerned about their eligibility for a Chapter 7 bankruptcy and wonder if their level of debt will allow them to file for bankruptcy.

The answer is that there is no minimum debt amount required to file a Chapter 7 bankruptcy. A more important issue is whether you earn enough income to pay off your debts.

If you earn enough money to pay your debts off over time, you may have difficulties successfully filing a Chapter 7 bankruptcy. So you should look at your debts in proportion to your income to determine whether you can pay off your debts over time while still paying your reasonable housing and food expenses.

If you are concerned about being eligible for a Chapter 7 bankruptcy in New Jersey, please call 201-676-0722 for a free consultation or email jweil@jenlawyer.com.

Photo by jason.kuffer

No related posts.

Related posts brought to you by Yet Another Related Posts Plugin.

]]> http://jenlawyer.com/217/how-much-do-i-need-to-owe-to-file-for-bankruptcy/feed/ 0