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Bankruptcy code doesn’t specify a minimum dollar amount someone must owe to make them eligible for a qualified filing. As long as you qualify to file and meet all the requirements, you can file chapter 7 and have your. More important than the size of your. Web chapter 7 bankruptcy erases most unsecured debts, that is, debts without collateral, like.
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Bankruptcy code doesn’t specify a minimum dollar amount someone must owe to make them eligible for a qualified filing. Web abuse is presumed if the debtor's current monthly income over 5 years, net of certain statutorily allowed expenses and secured debt payments, is not less than the lesser of (i) 25% of the debtor's nonpriority. However, some forms of debt, such as back taxes,. Web in a nutshell.