Thanks for annswering and here is my answers:
1. I am not really sure about first question ( I will find out)
2. with me there is five people in the houhold
3. Last year was very poor - groth income about $15,000 (just me working)
4. I rent a house for 2,000 a months ( I use some convenice check for paying rent now , therefore my debts on credit cards higher - about $200,000 thousend)
5. I have two cars, but they are both almost 10 years old (each about $2,000)
Thanks for getting back to me. You can use the credit cards to purchase necessary items such as food, gas, etc. Just make sure that you do not use the credit cards within 70 days of filing for bankruptcy protection to obtain cash advance over $750.00 or use the cards to purchase more than $500.00 worth of goods or services within ninety (90) days of filing for bankruptcy protection. Because if you made charges within those two time periods the credit card company might object to dischargeability of those charges. The best time to ask for bankruptcy protection is now assuming that you have not made any purchases within the time periods mentioned above that may be objected to by your creditors.
Chapter 7 will be your best option if you meet the income guidelines for your state. If your income is equal to or less than the income for your household size for your state you will be eligible to file a chapter 7. With your current income of $15,000.00 you will be eligible for a Chapter 7. These are the current income guidelines for the state of Connecticut: Household of one person $57,505.00 Household of two persons $70,827.00 Household of three persons $85,315.00 Household of four persons $103,408.00 Add $6,900.00 for additional individual
If your business is not incorporated, then you need to put the debts of the business in your personal bankruptcy. If your business is incorporated but you personally guaranteed the loans for the business, you also need to put the guaranteed loans on your personal bankruptcy.
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