If a debtor does not have assets which are above the exempt assets allowed and has an income which is equal to or less than a median income, he will most probably be qualified for Chapter 7 Bankruptcy Relief. However, if the debtor’s income is more than the allowed median income and/or his assets are more than the allowed exempt assets, he will most probably have to file a bankruptcy under Chapter 13 relief. Call us to discuss your unique situation and to determine which relief is available to you.
