Ketchikan, AK asked in Bankruptcy for Alaska

Q: Chapter 7 filing: I was told my gross income exceeds allowable income for Chapter 7 filing. My deductions off my gross

Mandatory deductions of my gross income are equal to or more the 50%.

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1 Lawyer Answer
Timothy Denison
Timothy Denison
Answered
  • Bankruptcy Lawyer
  • Louisville, KY

A: Gross income is before and deductions. Mandatory deductions or not, it is still income. Consult a local bankruptcy attorney and compare a chapter 7 v 13. That might help.

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