what is chapter 7 bankruptcy and how is it different from the others?

Posted by Aaron on Jan 9th, 2009 and filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

delsey2007 asked:


Look, I just have about 800 dollars in debt. I don’t know what to do, I have no job, and I don’t know which chapter bankruptcy would be the best method to go with?

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    2 Responses for “what is chapter 7 bankruptcy and how is it different from the others?”

    1. Ok. I understand you dont have income right now, but 800 is a figure that credit card companies would work with you for. The cost of filing for bankruptcy is far higher then 800. I recomend that you call your credit card company and see what solution they offer.

    2. That is WAY too little debt to attempt BK. It would cost you more than that just to file.

      Get a job, then start paying.

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