Legal Question in Bankruptcy in Texas

Re: chapter 7 bankruptcy

I hope I understand your question correctly. I believe you are asking what factors are considered in determining the availability for chapter 7 for debtors who are above the median income. The factors used are items like the following:

1. Large amounts of secured debts

2. Expenses relating to a special needs child

3. Large expenses for health care

4. Large expenses for utilities that can be proven

5. Expenses for day care or pre-school

6. Mandatory retirement plans that are deducted from your pay check

These are some of the most common "exceptions" that would be used to allow someone to still file under chapter 7. Please feel free to give me a call to discuss your situation in more detail.