What persons should not file under Chapter 7?
A person who is not eligible for a Chapter 7 discharge should not file under Chapter 7. Also, a person has substantial debts that are not dischargeable under Chapter 7 should not file under Chapter 7. In addition, it may not be wise for a person with current income sufficient to repay a substantial portion of his or her debts within a reasonable period to file under Chapter 7, because the court may dismiss the case a constituting an abuse of Chapter 7. Although it is not a legal requirement, some experts say that a Chapter 7 case should not be filed unless a person’s dischargeable debts exceed the value of his or her non-exempt assets by at least two hundred dollars.
A person who has substantial debts that are not dischargeable under chapter 7 should not file under chapter 7. In addition, it may not be wise for a person with current income sufficient to repay a substantial portion of his or her debts within a reasonable period to file under chapter 7, because the court may dismiss the case as constituting an abuse of chapter 7.
A person who has substantial debts that are not dischargeable under Chapter 7 should not file under Chapter 7. In addition, it may not be wise for a person with current income sufficient to repay a substantial portion of his or her debts within a reasonable period to file under Chapter 7, because the court may dismiss the case as constituting an abuse of Chapter 7. Although it is not a legal requirement, some experts say that a Chapter 7 case should not be filed unless a person’s dischargeable debts exceed the value of his or her nonexempt assets by at least two thousand dollars.
A person who is not eligible for a chapter 7 discharge should not file under chapter 7. Also, a person who has substantial debts that are not dischargeable under chapter 7 should not file under chapter 7. In addition, it may not be wise for a person with current income sufficient to repay a substantial portion of his or her debts within a reasonable period to file under chapter 7, because the court may dismiss the case as constituting an abuse of chapter 7 or convert the case to a Chapter 13 case. Some experts say that a chapter 7 case should not be filed unless a person’s dischargeable debts exceed the value of his or her nonexempt assets by at least two thousand dollars and the (assisted person) debtor is unable to pay a trustee, from the current monthly income (CMI), at least $100.00 per month, over a period of 60 months, to be applied to the general creditors..
A person who is not eligible for a chapter 7 discharge should not file under chapter 7. Also, a person who has substantial debts that are not dischargeable under chapter 7 should not file under chapter 7. In addition, it may not be wise for a person with current income sufficient to repay a substantial portion of his or her debts within a reasonable period to file under chapter 7, because the court may dismiss the case as constituting an abuse of chapter 7. Although it is not a legal requirement, some experts say that a chapter 7 case should not be filed unless a person’s dischargeable debts exceed the value of his or her nonexempt assets by at least two thousand dollars.
