Legal Question in Bankruptcy in Michigan

Chapter 7 Bankruptcy

I make $64,000.00 a year and I pay $525.00 a week in Alimony (Spousal Support). Do I make too much money to qualify for a Chapter 7 Bankruptcy?


Asked on 2/19/07, 11:25 am

2 Answers from Attorneys
Matthew Frank Frank & Frank, P.C.

Re: Chapter 7 Bankruptcy

not necessarily, a thorough analysis of all your assets and liabilities is also required to determine whether you would qualify for a chapter 7.

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Answered on 2/19/07, 11:30 am
Rochelle Guznack Law Offices of Rochelle E. Guznack, PLLC

Re: Chapter 7 Bankruptcy

There are many other factors to consider. Right off the bat, if you are single and living alone, you probably will be over median income which will prevent you from filing under Chapter 7. However, a Chapter 13 might be a good option.

Please feel free to call me for a free consultation at 248.679.1552.

Rochelle Guznack

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Answered on 2/19/07, 1:21 pm


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