Can you file chapter 7 bankruptcy if you make over $35,000(U.S.) a year?

Yes you can.....and no they can't touch retirement as long as you didn't deposit a bunch of money into your retirement knowing that you were going to file. Your allowed to make up to your states median average.....i know in michigan its 67k per year. Ask around and get a good reference for any attorney.....then ask that attorney to recommend you to a bankruptcy attorney if they are not one. (It can be embarrassing to ask people for a bankruptcy attorney from friends or family so just ask them for a good ordinary attorney, then ask that attorney for a recommended bankruptcy attorney. Its very important to get a good referral for an attorney because there's goofy ones out there. Generally a good referral leads to good people). Bankruptcy attorneys usually will meet with you the first time for free and let you know what your options are.

I always paid my bills, and lost everything I had needlessly because I thought I was doing the right thing. I should have filed way before I lost everything. Once you decide to let go, you'll sleep better, (and I know for me) your health will improve. Bankruptcy for dummies is a great book, it was the last thing I charged on my card, it answered alot of questions and gave me peace of mind. We were able to keep everything we had left, and start over, just like companies get to do.

Good luck......hope this helped.....be sure to ask an attorney or two about your situation.....and be truthful with everything......it will all work out

The interest rate from "bad credit" places are horrendous. Do you have any collateral? The better way to go would be a collateral loan with a bank. Have you actually checked your credit score or consulted with a credit counsellor? By credit counsellor I mean one that is not from the loan company, but an independant one who doesn't loan money. They are the ones to advise you how to get your credit back. However I have a friend who buys clunker cars for a few hundred bucks and when it breaks down he has it towed away, exchanging the car for the price of the tow and buys another clunker. So for a few hundred dollars he gets a year or so of driving and pays way less than the rest of do. He never has any car repaired. What some people pay for a lease for a couple months he pays less for an entire year. And the cars are always repainted so they look good and he doesn't have to go into debt. He's one of those people who don't believe in borrowing money.

You can make any amount to file bankruptcy, but Chapter 7 that's a different story. I think 35,000 is the maximum you can make. But i'm not sure. Check with a bancruptcy attorney.

obviously not, if you still earn an income above poverty level you can't file chapter 7 bankruptcy and i believe they can liquidate your retirement, but not too sure about that part

consult a financial specialist becuase they know more about this

Hi,

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Yes. Debt to Income Ratio. NO.

try looking into chapter 13, this link might help you

No, they shouldn't. You can file making any amount. Look at Donald Trump

you got to hire an attorney and see what ur options are.

35,000 do you still live at home

What there to liquidate? 35k a year.....go back to college