Qualifications to file Chapter 7 Bankruptcy

How is my income calculated?  The bankruptcy court looks at your last six months worth of income from al courts plus the income received from other household members including your spouse as long as are your not living separately, even if you are not filing for bankruptcy together.  Those numbers are added up and divided by six to get an average monthly income.  This is called current monthly income.  Money you or your household members receive or have received during the past six months from Social Security and certain other sources do not…Read more