Does it matter what my income is when filing bankruptcy?

Anyone can file bankruptcy, regardless of income. The question isn’t whether you can file bankruptcy but what type of bankruptcy you can file. If you make less than the median income for your household you should be eligible for a Chapter 7. But even making more than median income doesn’t mean you won’t qualify for a Chapter 7. It only means you have to pass a “means test” that considers how much income is available after expenses. The sample means tests you can find on the Internet often don’t provide accurate answers so don’t be discouraged if you “fail” one of them. It’s also possible to “pass” the means test and still not qualify for a Chapter 7 because of other issues like current income and expenses. That’s why it’s better to just commit to filing bankruptcy and let us advise you on what type best fits your situation. Even filing Chapter 13 bankruptcy is usually better than the alternative of not filing at all.