Legal

Ask a lawyer and get answers to your legal questions

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

Is there a minimum amount of debt owed in order to file

Is there a minimum...

Is there a minimum amount of debt owed in order to file bankruptcy? What are the guidelines?

Lawyer's Assistant: What state are you in? And has anything been officially filed?

I live in Wyoming and no nothing has been filed.

Lawyer's Assistant: Has anything been filed or reported?

No, nothing has been filed or reported but I am in way over my head in credit card debt and am on disability and can no longer make the minimum payments due.

Show More
Show Less
Ask Your Own Legal Question
Answered in 1 minute by:
8/19/2017
Thelawman2
Thelawman2, Attorney
Category: Legal
Satisfied Customers: 2,237
Experience: Attorney-at-Law
Verified

Hello, my name is ***** ***** I will be helping you today.

There is no minimum debt requirement to file for bankruptcy, there is only a maximum debt limit for Chapter 13 bankruptcy (roughly $1.5 million).

Thelawman2
Thelawman2, Attorney
Category: Legal
Satisfied Customers: 2,237
Experience: Attorney-at-Law
Verified
Thelawman2 and 87 other Legal Specialists are ready to help you
Ask your own question now
Customer reply replied 11 months ago
I owe approx. $5,000 in credit card debt, however I am disabled and have stopped receiving child support and other monies and only receive a little over $700. monthly. I can no longer afford to make the minimum monthly payments and am in way over my head. Is bankruptcy the way to go? Total monthly payments are close to $800. and I can only afford about $220.
Irwin Law
Category: Legal
Satisfied Customers: 10,704
Verified
Phone call session started
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Thelawman2 Your Own Question
Thelawman2
Thelawman2
Thelawman2, Attorney
Category: Legal
Satisfied Customers: 2,237
2,237 Satisfied Customers
Experience: Attorney-at-Law

Thelawman2 is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Not only did he answer my Michigan divorce question but was also able to help me out with it, too. I have since won my legal case on this matter and thank you so much for it.

LeeMichigan

< Previous | Next >

Meet the Experts:

Ely

Ely

Counselor at Law

24,657 satisfied customers

Private practice with focus on family, criminal, PI, consumer protection, and business consultation.

INFOLAWYER

INFOLAWYER

Attorney

22,408 satisfied customers

Licensed attorney helping individuals and businesses

JPEsq

JPEsq

Attorney

2,132 satisfied customers

Experience as general attorney, in house counsel, SSDI, Family Law attorney, and law professor

Law Educator, Esq.

Law Educator, Esq.

Attorney

44,066 satisfied customers

JA Mentor -Attorney Labor/employment, corporate, sports law, admiralty/maritime and civil rights law

Ellen

Ellen

Lawyer, Consultant

8,238 satisfied customers

25 years of experience helping people like you.

Guillermo Senmartin

Guillermo Senmartin

Lawyer

300 satisfied customers

Principal Attorney at Guillermo J. Senmartin, P.A.

Dimitry K., Esq.

Dimitry K., Esq.

Attorney

17,183 satisfied customers

Multiple jurisdictions, specialize in business/contract disputes, estate creation and administration.

< Previous | Next >

Related Legal Questions
My husband and I are retiring with a huge amount of debt. I
My husband and I are retiring with a huge amount of debt. I was working on preparing a bankruptcy. House appraisal done all bills almost in order, passed means test for chap. 7, etc. Just read article… read more
Nishan Parlakian
Nishan Parlakian
Principal Attorney
56 satisfied customers
I would like to ask some questions about bankruptcy. I live
I would like to ask some questions about bankruptcy. I live in Maryland. I filed personal bankruptcy over 20 years ago, after a divorce left me with overwhelming debt. After that, I worked hard to mak… read more
CalAttorney2
CalAttorney2
Attorney
Doctoral Degree
8,845 satisfied customers
In 2010 Bank of America had a judgment issued against me, as
In 2010 Bank of America had a judgment issued against me, as the co-signer of a commercial line of credit of $ 150,000 given to my company, which the company defaulted on as a result of heavy losses i… read more
Law Pro
Law Pro
Doctoral Degree
19,000 satisfied customers
HAVE A BANK OF AMERICA CREDIT CARD ACCOUNT THAT I CAN NO LONGER
HAVE A BANK OF AMERICA CREDIT CARD ACCOUNT THAT I CAN NO LONGER PAY EVEN THE MINIMUM MONTHLY PAYMENT. WHAT CAN BANK AMERICA DO AS FAR AS COLLECTING THE MONEY OWED?… read more
socrateaser
socrateaser
1,031 satisfied customers
I STOPPED MAKING PAYMENTS ON MY CREDIT CARDS, BECAUSE THE
I STOPPED MAKING PAYMENTS ON MY CREDIT CARDS, BECAUSE THE BANKS WOULD NOLONGER TAKE THE PAYMENTS I WAS GIVING THEM. B OF A, CAPITAL ONE AND PREMIER BANK. IT'S BEEN 5YRS WITH B of A and PREMIER BANK. C… read more
xavierjd
xavierjd
Juris Doctor
3,361 satisfied customers
I am being sued for credit card debt that I acknowledge is
I am being sued for credit card debt that I acknowledge is mine. My question is - once the company receives a judgement against me is there a way I can negotiate a payment that is within my budget? My… read more
LawTalk
LawTalk
Attorney at Law
Juris Doctor
128 satisfied customers
I have credit card debt that I cannot make my minimum monthly
I have credit card debt that I cannot make my minimum monthly payments on due to a death in the family(loss of spouse income, med bills,unemployment,etc.).I have a monthly pension that covers my mortg… read more
LawTalk
LawTalk
Attorney at Law
Juris Doctor
128 satisfied customers
Thank you for helping me. My husband and I have a lot of credit
Thank you for helping me. My husband and I have a lot of credit card debt, I have leukemia and he and I have had 8 surgeries between us in the past 3 1/2 yrs. When he was not working at times for his … read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
I am in the process of negotiating payoffs on delinquent credit
I am in the process of negotiating payoffs on delinquent credit cards but I know they can send a 1099 to be reported as income. What is the best way to negotiate the cards and not get a 1099 and get t… read more
KUMI95
KUMI95
Attorney
Doctoral Degree
17 satisfied customers
I have good credit (767) and my husband doesnt. He has $30,000
I have good credit (767) and my husband doesn't. He has $30,000 in credit card debt (that I'm aware of) and an additional $16,000 that I had transferred to my credit card because of my low finance cha… read more
Ray
Ray
Lawyer
Doctoral Degree
33,357 satisfied customers
if you are behind on credit card payments and are not able
if you are behind on credit card payments and are not able to make the minimum payment due is it true that the credit card company has to accept whatever amount you can afford to pay ? and if they ref… read more
TaxAttorneytoHelp
TaxAttorneytoHelp
Owner
Doctoral Degree
2,542 satisfied customers
Just received a summons that i am being sued by american express
Just received a summons that i am being sued by american express nank fsb. I had a credit card, however, when my husband lost his job on 10-24-2008 and he is still unemployed, we communicated with the… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,935 satisfied customers
I have a debt that I have been fighting for a few months.....I
I have a debt that I have been fighting for a few months.....I agree that I owe the money but I have no means of paying it at this time---and now after proving to the credit card company whom I owe th… read more
Ellen
Ellen
Lawyer, Consultant
Doctoral Degree
8,238 satisfied customers
I have a 2005 Motor Home that still has a balance due of about
I have a 2005 Motor Home that still has a balance due of about $130,000.00. The current market value is maybe less than $100,000.00. The unit is is execlent condition. Is it best to go voluntary repos… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,935 satisfied customers
I am on SS disability. In 1998 I divorced & got stuck with
I am on SS disability. In 1998 I divorced & got stuck with a 13,000.00 credit card to settle a devestating long divorce proceedure. I currently have excellent credit since since I have been transferri… read more
skelly151
skelly151
partner
Post-Doctoral Degree
2,328 satisfied customers
my payroll attached...absent two months when my husband died...when
my payroll attached...absent two months when my husband died...when I came back the amount attached had more than doubled. Presently in a 90 day period taking 25% of approx. $1000.00 per month I am no… read more
cfortunato
cfortunato
J.D.
7,967 satisfied customers
I live in Colorado and am recently unemployed. I have a single
I live in Colorado and am recently unemployed. I have a single credit card with a $3,000 debt on it. While in the process of registering for unemployment compensation, I had to make some late payments… read more
Ray
Ray
Lawyer
Doctoral Degree
33,357 satisfied customers
can we file bankrupsy on a promisary note for our mobil home
w e have a promisary note to landlord of our mobil home based on my fathers home to which i am only child awaiting outcome of will… read more
Coleen Hoffmeister
Coleen Hoffmeister
Legal Assistant/Paralegal
Bachelor Degree
22 satisfied customers

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

Show MoreShow Less

Ask Your Question

x