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[quote=Anonymous]OP can you share what state you live in?  Also, what is YOUR income currecntly?

Here is advice for people living in VA

https://www.isbankruptcyformeva.org/?gclid=Cj0KCQjwxIOXBhCrARIsAL1QFCZMS7JqPIqCjK6JP7Umkuj8WIouwKkylh_-_4xRNNeG9qzgLzZOdVYaAnVwEALw_wcB

[quote]Is Bankruptcy Right for Me?

The nonprofit Virginia Poverty Law Center (VPLC) and Central Virginia Legal Aid Society (CVLAS) have created a guided online interview to help you decide whether you should contact an attorney about filing bankruptcy in Virginia. After answering a series of questions about your situation, you will receive a worksheet recommending whether you should file bankruptcy now, and if so, why or why not. The worksheet also will explain which type of personal bankruptcy you could be eligible to file, Chapter 7 or Chapter 13. And if it recommends you should not file bankruptcy now, it will explain when you may want to consider filing bankruptcy if your situation changes.

To use this program, you should be at a computer that is connected to a printer. You also will be able to email the worksheet and save it in your email for later printing. You will need the following information to use this program:

Your five largest debts, including the type of debt and how much you owe
Your source and amount of income
Your source and amount of money in checking and savings accounts
Your other assets on deposit
Property you own free and clear
Property you are buying on credit, including how much it is worth and how much you owe on it.[/quote]

[quote]The type of bankruptcy you can file may be limited by whether your household is above or below the state median income. The median is the income amount where half the households have more and half the households have less. Your income is determined by the six-month period before you file bankruptcy.

People in households with incomes above the state median may have difficulty filing a Chapter 7. If so, they must file a Chapter 13. People in households with incomes below the state median may file either a Chapter 7 or a Chapter 13.[/quote]

in VA the median HHI for a familoy of 4 is about $90,000..  That's to qualify for a chapter 7 bankruptcy.

http://www.virginia-bankruptcy.com/means-test/#:~:text=If%20your%20total%20monthly%20income,option%20of%20filing%20Chapter%207.[/quote]

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