I Make Too Much to Consider Bankruptcy. – Jim

“Dear Steve,

We are behind and can’t catch up. We were waiting for a refinance from our credit union. Their guy appraised our house $200,000 than a year and a half ago. We had delayed paying a few bills in anticipation of the cashout. When that didn’t happen, we fell behind. Then my car was stolen and totalled and I was forced to pay the $500.00 towing. THEN our house caught fire and we were forced to go out of pocket for the living expenses. And last Thursday, my wife was fired from her job. And my eldest daughter starts college in a week. And no, my name is not Job…although it should be.

I still have MY job but its not enough to get out of the hole. I make to much to be considered for bankruptcy. We get constant calls from collection agencies. We see no light on the horizon. What is left to do?


Dear Jim,

Talk about a string of bad luck.

I was confused by your statement that you make too much to be considered for bankruptcy. While you might make too much to qualify for the means test for a quick and fast discharge of your debt under a Chapter 7 bankruptcy, that does not exclude you from seeking protection under Chapter 13 bankruptcy.

I would suggest you click here to find a local bankruptcy attorney and discuss your situation with them.

Bankruptcy would protect you from additional collection activities and allow you a chance to get back on your feet.

Please update me on your progress by

You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

See also  I Don't Want to Claim Bankruptcy But Have No Means to Pay Our Debt. - Dawn
Steve Rhode

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