Bankruptcy Law Questions? Ask a Bankruptcy Lawyer Now.
Whether or not you can file a Chapter 7 Bankrutpcy (the preferred one) depends on your income:
1) What is your gross monthly household income?
2) How many are in your household?
I gross about 2600 and have 2 in householkd
Yes - you can file a Chapter 7 Bankruptcy, because your gross household monthly income is less than $3,933. Filing a Bankruptcy is the best way to eliminate debt you cannot afford to pay.
Additionally, as 401K pension plans are exempt (protected), you would be able to keep your 401K if you file a Bankruptcy.
I think this is what you wanted to know. If not, please let me know.Thank you.