Legal Question in Bankruptcy in Maryland

Does a person's income meaning if they make over 100K makes them eligible to file bankruptcy and be able to keep their property (home) or vehicle.

Asked on 10/07/10, 12:12 pm

1 Answer from Attorneys

Laura Margulies Laura Margulies & Associates, LLC

It is the combined family income as compared to the median income in the state where the person resides that is the determining factor in whether a person is eligible for chapter 7.

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Answered on 10/13/10, 3:12 pm

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