IRS standards

How To File Chapter 7 Bankruptcy When You’re Above Median Income

by Peter Orville, Binghamton Bankruptcy Lawyer

Before you file Chapter 7 bankruptcy – or even under Chapter 13 – you must first determine if you are above the “median income”. The median income test is based on the average income earned your state and is calculated each year by the U.S. Census Bureau. The “income” you must consider is not necessarily [...]