I know that every situaton is different and that it is possible to qualify for Ch 7 even for higher income people. Having said that does anyone have a realistic estimate of what is too high of an income?
By my calculation of the means test I am about $2500 over our state median in Nevada. However, factoring in the allowances, along with childcare ($1500 / mo for 2 kids), modest giving to church ($200 / month), life insurance, very small car payment (when divided by 60), and small business expenses, I feel like I am pretty close to qualifying. However, I had an attorney tell me that I would never qualify if I was more than 10% over the median. Of course this attorney ran no numbers, didn't account for the fact that my income is small business (which has fixed monthly expenses), etc.
Just curious if there is some rule of thumb regarding income above state median. Thanks.
By my calculation of the means test I am about $2500 over our state median in Nevada. However, factoring in the allowances, along with childcare ($1500 / mo for 2 kids), modest giving to church ($200 / month), life insurance, very small car payment (when divided by 60), and small business expenses, I feel like I am pretty close to qualifying. However, I had an attorney tell me that I would never qualify if I was more than 10% over the median. Of course this attorney ran no numbers, didn't account for the fact that my income is small business (which has fixed monthly expenses), etc.
Just curious if there is some rule of thumb regarding income above state median. Thanks.
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