In Bankruptcy, Blog, Chapter 7 Bankruptcy

Are you considering Chapter 7 bankruptcy? If so, it is important to understand that you will be asked to calculate your income for the court’s review. When you file for Chapter 7 bankruptcy protection, you will be asked to show the average salary/wages that you have earned for the past six months. This does not include income made during the month that you are filing bankruptcy in. In addition to money earned at work, you will also need to include rent that you receive, gross business income, family support, disability payments and retirement/pension income. All of these items will be added to your wages to determine your average income when filing for bankruptcy.

Are you having trouble filing for Chapter 7 bankruptcy? Rather than risk having your petition denied, contact the Malaise Law Firm to consult a San Antonio bankruptcy attorney from our office that is extremely familiar with the bankruptcy process in the state of Texas. With help from a lawyer, you will find that your bankruptcy is much easier to complete as you will be armed with representation and support from a knowledgeable litigator.