If the debtor's average income calculation is above the state median, he or she qualifies for a Chapter 7 filing.

Name: If the debtor's average income calculation is above the state median, he or she qualifies for a Chapter 7 filing.
Brand: Quizplus
Rating: 4.9 (59 reviews)

Question

Quizplus · Accepted Answer

If the debtor's average income over the six months prior to filing is above the state median, they may not qualify for Chapter 7 bankruptcy and might have to file for Chapter 13 instead, which involves a repayment plan.

If the Debtor's Average Income Calculation Is Above the State