There are two ways to show your income qualifies you for Chapter 7 bankruptcy in Henderson, Nevada. The first is by making less than Nevada’s median income for your household size. For an individual, this is $4,532.83 per month. For two family members, this is $5,817. This increases for each additional family member, but you also must include their income. Adult children do not count towards household size.
The second way to qualify is by using the means test. This will subtract certain expenses from your average monthly income to find your disposable monthly income. If your disposable monthly income falls within a certain range, you will qualify for Chapter 7 bankruptcy. Otherwise, you will need to take additional steps to prove that you should be able to file Chapter 7 bankruptcy, or file Chapter 13 bankruptcy instead.
CONTACT AN EXPERIENCED HENDERSON CHAPTER 7 BANKRUPTCY ATTORNEY