Best Answer

A person's income does not count after filing chapter 7 bankruptcy. All that counts is what you had before filing bankruptcy.

User Avatar

Wiki User

โˆ™ 2014-09-23 19:52:16
This answer is:
User Avatar

Add your answer:

Earn +5 pts
Q: Does income count AFTER you file chapter 7 bankruptcy?
Write your answer...

Related Questions

Can you file bankruptcy with income coming in?

Yes, you can file with an income coming in, which chapter of bankruptcy you file depends on your income

Does income count AFTER you file chapter 7?

The income you make after filing for chapter 7 does not count. What counts is all you had before filing.

Can you file bankruptcy if you are not employed?

Yes- a chapter 7, but not chapter 13, as that requires a regular income.

I have no icome and all assets are in boyfriends name should I file bankruptcy because of credit card debt?

As long as you have not recently transferred assets to your bf to become insolvent, it would be a great time to file Chapter 7. If you are living with him, his income will count towards the means test, so if his income is above the annual median family income for your state, you may have to file a Chapter 13. Be sure to check with an experienced bankruptcy lawyer.

Do have to work in order to file a chapter 13?

You must be generating a steady income to file chapter 13 bankruptcy, regardless of whether it is earned income. If you don't currently have income, chapter 7 most likely is the better way to file bankruptcy. There is an excellent book that gives you a substantial perspective on filing chapter 7 or chapter 13 bankruptcy: "The New Bankruptcy, will it work for You?", 3rd edition, by Stephen Elias (published in 2009 by Nolo) -- I found it in the Colorado Springs public library at 346.078 E42N (Dewey decimal system).

Can you keep your cars in a chapter 7 bankruptcy?

Yes, you can keep you car in chapter 7 bankruptcy. In Chapter 7 bankruptcy there are some rules. You can only file Chapter 7 if your income is below your state's median or is not enough to pay off your current debt.

Can an individual dismissed from Chapter 13 bankruptcy refile for bankruptcy?

You can file a Chapter 7 bankruptcy.

How do you file chapter 7 together or separate if you are separated?

When you file a mutual bankruptcy, you and your partner file a single set of bankruptcy papers with the court. In your bankruptcy appeal, you release all property, debt, income, and expenses you have between both you and your partner.

In Kentucky How long after bankruptcy can you file chapter 7 and can you file chapter 13 after chapter 7?

You can file bankruptcy again 7 years after the last time you filed.

How much income is too much for chapter 7?

Income has little to no determination on one's ability to file for bankruptcy. It's the debt to income ratio that most bankruptcy courts look for. Consult a bankruptcy attorney; there may be other options that will not impact your credit as harshly as bankruptcy.

What is the means test to file bankruptcy?

One of the first steps you must take when filing for bankruptcy is to complete a "means" test. You must submit the results of this means test to the Bankruptcy Court. The means test checks your income in order to determine your eligibility to file for bankruptcy. If your income is below the average for your state, then you can file for Chapter 7 bankruptcy without any problems. However, if your income is above the state average, the calculations for the means test become more complex. The means test looks at your disposable income (the amount left over after paying your expenses). If your disposable income is too high, the Bankruptcy court may decide that you can pay off at least some of your debts, and prevent you from filing for Chapter 7 bankruptcy. You are still able to file Chapter 13 bankruptcy, however.

How soon can you file bankruptcy after a voluntary dismissal of a chapter 13?

is it safe to file for voluntary dismissal of chapter 13 bankruptcy

Can you file a chapter 7 bankruptcy without your spouse in CA?

Yes you can file without your spouse..although you must report the spouse's income on the means test which determines if you qualify to file a Chapter 7.

How do you file chapter 11 bankruptcy?

There are many ways one can file for chapter 11 bankruptcy. One can file for chapter 11 bankruptcy by proposing a plan in which the debtor plans on paying back debts over time.

Can you file bankruptcy if you are current on your bills?

Yes, you can. If you are current, but struggling with credit card debt, medical debt, or other unsecured debt. If your income is less than the median family income for your state, you can probably file chapter 7. If over that amount, you may have to file a chapter 13. Consult an experienced bankruptcy lawyer in your area.

How to file a chapter 13 bankruptcy?

contact a bankruptcy lawyer

Can you file a chapter 7 bankruptcy after a defaulted chapter 13?

You can file as many as you want however you should wait 8 to 10 years before you can file another chapter for bankruptcy.

Can you get your car back after a repossession if you file chapter 13 bankruptcy?

In GA Can you get your car back after a repossession if you file chapter 13 bankruptcy

How many year after you file bankruptcy can you file bankruptcy aging?

If you are talking about a Chapter 7 bankruptcy, It takes 7 to 9 years after you can file bankruptcy again.

Who can file for bankruptcy in Wisconsin?

Anyone who is a resident of the state can file for bankruptcy in Wisconsin. There is no restriction on who can file, only for which chapter they can file in.

If you filed chapter 13 bankruptcy and it was discharged can you file chapter 7 bankruptcy now?


Can you file bankruptcy if your unemployed?

You can file chapter 7 bk. Unless you have another revenue source, you would not qualify for a chapter 13 bk because you need to have "regular income" for a 13 bk.

When can you file a chapter 7 bankruptcy if you had a chapter 7 discharged in December 2001?

The bankruptcy petitioner can file another chapter 7 8 years after the date of filing of a previous chapter 7.

How long do you have to be unemployed to file chapter 7?

You do not have to be unemployed to file for chapter 7 or any bankruptcy.

Can you file chapter 7?

Anyone who is seriously struggling with debt can file for chapter 7 bankruptcy and it is up to the court to determine whether or not you will be eligible. Chapter 7 bankruptcy is usually best for people who:* Have no steady stream of income* Have a lot of exempt property* Cannot keep up with a strict payment plan