Q: Do I need to file bankrupsy chapter 7 . Single dont own anything unfortunately. On ssd. Have a personal loan
A few cards.
A: Although you have no assets for creditors to take, you might decide you don't want the hassle of collection calls, or just in case you receive non-exempt assets or income in the future, that these are not taken from you by a potential judgment. However, you may decide it is too expensive to file bankruptcy, and it's not worth it. You'd also want to consider the implications of filing bankruptcy (whether you really don't have any non-exempt assets, or other issues that may come up). You should consult with a bankruptcy attorney to go over your specific situation before deciding. There are attorneys who offer free consultations.
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