Whether or not you can file a Chapter 7 depends on your gross annual income. What is your gross annual income? How many are in your household? Do you have to pay support to anyone outside your household?
my gross income is about $170,000. my husband gets about 12,000 from social security.
it sounds good but we have medical conditions so our drug, food, transportation costs are high. we also live in manhattan and pay high rent but can't move because of our poor credit and no extra money to pay 6 months security.
i am paying off some guaranteed business bills for about 2k each month.
1) If you do not owe money to your landlord - if your landlord is not a creditor - and if you plan on continuing to pay the rent, your landlord will not be notified about your Bankruptcy.
2) To pass the "Means Test", the total household gross annual income (not including Social Security, which is not counted) has to be $56844 or less. However, if your living expenses are high enough so that you have less then around $100 per month left over after paying all expenses, it is possible that you would be able to file a Chapter 7 instead of a Chapter 13 (wage earner) Bankruptcy.
If you are still earning too much to qualify for a Chapter 7, perhaps it would be better to wait until you retire to file a Bankruptcy. The other option - if you cannot wait - is to file a Chapter 13 now, and then convert to a Chapter 7 after you retire. The first option would be preferable, of course, because it will cost a lot less.
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You should call the NYC Bar Association to ask for a recommendation. The number is (212)(NNN) NNN-NNNN/strong>.
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