Legal Question in Bankruptcy in Texas

Bankruptcy

I am in debt a great deal. Although I

am on active military duty I can't pay

off my debts and stay a float.

Therefore I don't have any assets.

Can I still qualify for chapter 7

bankruptcy if I do not own anything.

In most of the cases I was

misfortunate and the others were

medical bills.


Asked on 10/20/08, 10:08 pm

1 Answer from Attorneys
Andrew Nichols Law Office of Andrew B. Nichols

Re: Bankruptcy

Yes, you can file without having any assets. The real issue is how much your total debt is compared to your annual income. I would guess that you are in a situation where you will not be able to get out of debt for many many years. If you are stuck in that situation I highly suggest you file. Are you a Texas resident? Please feel free to email me directly at [email protected]

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Answered on 10/21/08, 11:37 am


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