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  1. #1
    Join Date
    Sep 2006
    Posts
    1

    Default Requirements and Exemptions for Chapter 7 Bankruptcy

    Greetings to you all!

    I see in the bankruptcy forums here that there are income requirements for chapter 7.. But what I do not see is what these requirements are.. any ideas?

    Further.. the only "property" I have is a 401K (>$4,000) and a 2002 Explorer.. which is part of the debt problem.. My credit is already screwed.. so no worries about losing anything.

    I really have no idea what else to put.. if ya feel like passing out more free advice and need / want more info.. please ask..

    Thank you for your time,

    Meit

  2. #2
    Join Date
    Mar 2005
    Location
    Michigan
    Posts
    28,906

    Default Re: Requirements and Exemptions for Chapter 7 Bankruptcy

    The income restrictions vary by district, so you would need to check with the bankruptcy court serving your district.

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