What is the minimum amount one can file for Chapter 7 bankruptcy?

San Francisco, CA Viewed 47 times. Posted 27 days ago in Bankruptcy / Chapter 7
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I am currently in good standing with my creditors. Currently, my total personal debt is $30k with an income of $43k. I had filed bankruptcy over 10 years ago due to foreclosure. Things were fine, but now I am helping two siblings and a relative due to job loss and have already missed some credit card payments. I have no car or mortgage payments, but feel have no choice but to file Chapter 7 in order to help my siblings. One has been employed for over a year now. - Is this your question? Add additional information
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Answers (1)

Angel Marie Van Wieren

Angel Marie Van Wieren

Contributor Level 5
This attorney is licensed in Georgia. Posted 26 days ago. Flag as objectionable
There is no minimum debt level to qualify to file under Chapter 7.

There are limits to the amount of your household's yearly income to qualify to file under Chapter 7. Check the following link for CA's income thresholds. http://www.justice.gov/ust/eo/bapcpa/meanstesting.htm If your household's income is above the thresholds in CA, you may still qualify by taking advantage of the available deductions.

I hope this information was helpful.

Van Wieren Law Firm, LLC
**I am not licensed to practice law in CA. My response to your post was not legal advice.
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