Nov
13

How much debt must you have to be legally allowed to declare bankruptcy?

By credit repair
debt
Healthy Environment asked:


In addition to this law question, I have some ethics questions:
How much SHOULD you have to be in debt to be legally allowed to declare bankruptcy? 0? 10k? 20k? 50k? 100k?

& why should debt for a home mortgage, business, or other be cleared during a bankruptcy, but not a studetn loan debt? shouldn’t all debts be treated the same? a debt is a debt is a debt, right?

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Categories : Law & Ethics

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