Can I file bankruptcy if I have a 35k credit card debt?
Jan Meriss Alfonso Assistant at Ascent Law LLC Yes, you can file bankruptcy if you have a 35k credit card debt. However, the key word in that question is "can." Not everyone can file for bankruptcy, and not everyone will be eligible to do so. In order to be eligible to file for bankruptcy, you need to meet very basic requirements. First, you have to be over 18 years of age. Second, your debt has to be over $10,000. Your income must also be below the median income for your state. This requirement varies depending on how many people are in your household—if you live alone, the median income requirement is higher than if you live with someone else. If you're married, your spouse's income factors in as well. If you're ineligible for Chapter 7 bankruptcy, which is what most debtors will want to file under (it means that most of your debt will be forgiven), then you may only qualify for Chapter 13 bankruptcy (which means that a portion of your debt will be forgiven af...