How Do I Qualify for Chapter 7 Bankruptcy in Georgia?
To qualify to file a Chapter 7 bankruptcy case in Georgia, you must have not filed a Chapter 7 bankruptcy less than eight years ago and must also meet an income test that is referred to as the “means test.”
The means test uses the median income for your household size as a threshold for qualifying to file Chapter 7. If you and your spouse earn less than the median income for your household size within the six months preceding filing, you qualify to file Chapter 7.
Median income in Georgia:
- Single person household: $46,810
- Two-person household: $61,794
- Three-person household: $70,863
- Four-person household $80,510
Even if you do not earn less than the median income for your household size, you may still qualify to file for a Chapter 7 in Georgia because deductions for mortgage payments, medical bills, health insurance, childcare, taxes, and other expenses are allowable.