Chapter 7, and making more than the median income
Date: Fri, 03/20/2009 - 19:50
This question is in reference to state of Virginia.
If we make roughly 20K more than the median income, is there anyway to qualify for Chapter 7 ?
I am on the verge of losing my job due to chronic disease.
We don't have a huge amount of medical bills, but have roughly 70K in credit card debt.
We have a mortgage (no equity in the house, considering the market) and two cars with no equity.
Without my income, we definitely would pass the means test, but I wonder even if we pass this, would fact that my husbands income is above the median be an automatic disqualify ?
Any insight would be appreciated. Thanks !!
If we make roughly 20K more than the median income, is there anyway to qualify for Chapter 7 ?
I am on the verge of losing my job due to chronic disease.
We don't have a huge amount of medical bills, but have roughly 70K in credit card debt.
We have a mortgage (no equity in the house, considering the market) and two cars with no equity.
Without my income, we definitely would pass the means test, but I wonder even if we pass this, would fact that my husbands income is above the median be an automatic disqualify ?
Any insight would be appreciated. Thanks !!
Nolo is a reliable source of legal information for lay people. T
Nolo is a reliable source of legal information for lay people. They provide a calculator where you can enter your zip code or browse by state and city and fill out information that is used to determine if you qualify
legalconsumer.com/bankruptcy/nolo/
All the usual disclaimers apply but it should give you a clear idea of whether talking to a lawyer regarding Chapter 7 is a real option
4 sety
