A family of three living in Georgia is thinking about filing bankruptcy. In order to file for Chapter 7 bankruptcy, what must be true about their monthly income?

Question

Business

Duncan Macdonald

8 November, 18:47

A family of three living in Georgia is thinking about filing bankruptcy. In order to file for Chapter 7 bankruptcy, what must be true about their monthly income?

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Answers (1)

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Brian Holloway · Answer 1

Total monthly income of family must be less than $5,092

Explanation:

For a family of three which are living in Georgia can file Chapter 7 bankruptcy only when total monthly income of family must be less than $5,092. In Georgia If total monthly income of a family of three member is greater that $5,092 Then they cannot file Chapter 7 bankruptcy.