Bankruptcy Law Questions? Ask a Bankruptcy Lawyer.
1) There is no limitation on the amount of income you can have in order to file a Chapter 13 Bankruptcy, so you can file with $8,000 household income.
2) A Chapter 13 plan is very strict, and there is no allowance made for contributions to a 401K plan or for savings for an emergency.
Here is the plan payment calculation form, to give you a better idea of what your allowable expenses would be, and what you would have to pay each month:
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