IS MY INCOME TOO HIGH TO FILE A CHAPTER 7?
by NCLC
Most consumers who are considering bankruptcy should be able to file under chapter 7. However, if you income is above the median family income in your state, you may have to file a chapter 13 case. Higher income people must fill out “means test” forms requiring detailed information about their income and expenses. If the forms show, based on standards in the law, that they have a certain amount left over that could be paid to unsecured creditors, the bankruptcy court may decide that they can not file a chapter 7 case, unless there are special extenuating circumstances.

Kurt O’Keefe, Esq.

OFFICES IN WAYNE, OAKLAND AND MACOMB COUNTIES

Phone:  313-962-4630

Fax:  313-216-2999

email kurt@stopcreditor.com