Bankruptcy
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- Who may file Chapter 7 bankruptcy?
- What are some of the reasons that people file bankruptcy?
- How does bankruptcy affect interest rates on loans? Credit cards?
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Solution Summary
The expert determines who may file Chapter 7 bankruptcy. Some of the reasons that people file bankruptcy are provided. How bankruptcy affects interest rates on loans are given.
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An individual may qualify to file a Chapter 7 bankruptcy if they meet the state median requirements for their family size. They also need to make sure that they don't have more equity in their real estate and other property that is exempted in their state. In addition, they cannot have filed a Chapter 7 in the ...
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