You may be facing financial difficulties and wondering if you are eligible to file for a Chapter 7 bankruptcy to eliminate your debt. To figure out if you may be eligible, you can start by determining your monthly income and comparing that to the median family income in your state for the same size household. If your income does not exceed the state median income, you may be able to file for Chapter 7 bankruptcy. To calculate your 'current monthly income', you will use your average monthly … [Read more...]
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