Q: What is the income limit to receive help from this office? For bankruptcy.
A: There is no income limit but price varies from attorney to attorney.
A:
If by "this office" you mean a private bankruptcy law firm, there is no income limit to file bankruptcy. But your income might affect the bankruptcy chapter you have to file under.
If you want to file Chapter 7 bankruptcy, your income needs to be less than the state median for your household size, or else pass the means test. For a household size of 1, for example, this is currently $50,179. If you have income higher than $50,179, then you can still qualify for a Chapter 7 but you would need to pass the means test using allowed expenses. A bankruptcy attorney can help you with this.
If you want to file Chapter 13 bankruptcy, there isn't an income limit. But there are debt limits - for example you can't have secured debts more than $1,184,200, and unsecured debts of more than $394,725. Your income will, however, affect your disposable monthly income, which will in turn affect your plan payments and how much you have to pay to your unsecured creditors under the plan. Again, a bankruptcy attorney can help you with this.
As always, be sure to talk to a qualified attorney about your specific situation before choosing to rely on any information you get from internet discussion boards such as this one.
Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.
The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.
Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.
