Can I File for Chapter 7?

Qualifying to file a Chapter 7 Bankruptcy

The gross annual income is a primary factor in determining whether you may qualify for a Chapter 7 Bankruptcy. For these purposes, the gross annual income is not the actual income earned over the past year, but rather the average monthly gross income earned for the six months prior to filing bankruptcy multiplied by 12.

Generally, in order to qualify for Chapter 7 Bankruptcy relief, the maximum gross annual income is as follows: $48,144 for a single person, $60,906 for a couple, $65,701 for a three person family and $75,783 for a family of four.* With each additional person exceeding a family of four, the maximum gross annual income increases by $8,400. In addition, if you earn more than the gross maximum income you may still be able to otherwise qualify for Chapter 7 Bankruptcy relief. Please call to schedule an appointment and receive a personalized analysis of your particular situation to see if you qualify for Chapter 7.

*This information is effective as of November 2017, and will periodically change.