Is chapter 7 bankruptcy right for me?

I have no income, between 20-25k in debt, and no assets other than my car that is falling apart. I feel that it will take me forever to pay off the debt once i start working again. Is filing chapter 7 bankruptcy right for me?

Technorati Tags: 25k, assets, chapter 7 bankruptcy, filing chapter 7, filing chapter 7 bankruptcy

Posted May 29th, 2010 in Bankruptcy Q and A. Tagged: 25k, assets, chapter 7 bankruptcy, filing chapter 7, filing chapter 7 bankruptcy.

2 comments:

1. Dixie Darlin':

   Yes, even with assets you are allowed federal and state personal exemptions.

   May 29th, 2010 at 1:15 pm
2. Jennifer:

   Hi,
   I used "eBeezz" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58%.It’s legitimate.. I came across this company on NBC News Special Edition.Check it out here:
   http://ebeezzDebtFree.notlong.com

   May 29th, 2010 at 1:15 pm

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