Do I Owe Enough To File Bankruptcy?

There is no set amount that qualifies you to file, or not to file, bankruptcy (although if you have a lot of debt, you may not be able to file for Chapter 13 repayment plan.) For some, $50,000 isn't enough and for others $5,000 is.

Many people think there is a magic number for being eligible to file. The decision to file is an individual decision that is based upon a lot of things, besides just the amount of debt you have. It depends on your particular circumstances of income and expenses. Factors such as how much you can afford to pay back, job stability, age, family needs, and health problems are all to be considered.

Part of what a good bankruptcy attorney will do is to go over your unique situation and discuss how bankruptcy will affect you. At the Law Office of Matthew D. O'Conner, we give you recommendations then explain why we recommend that you look further at that option.

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The Law Office of Matthew D. O'Conner is dedicated to helping clients file bankruptcy while retaining their dignity and pride. We provide assistance, legal counsel and advice and will be able to answer your bankruptcy-related questions and help you file a Washington bankruptcy.

Contact us today at (206) 782-0722 for a free consultation - it's entirely confidential.

More Bankruptcy FAQs

mdoLaw Bankruptcy Blog

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We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.

This web site is for general informational purposes only and is not legal advice.

The information contained on this web site is in no way intended as a substitute for legal counsel, and your receipt of the information does not give rise to a lawyer-client relationship between Matthew D. O'Conner and you. The ramifications of the law for any particular situation depend on a variety of factors, so you should seek professional legal counsel before acting upon any information contained on this web site.