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DO I QUALIFY FOR A CHAPTER 7?
Income and Family Size; The Two Main Factors in Eligibility
If an individual’s numbers are at or below the table numbers above, you most likely
qualify for a Chapter 7 in New Mexico. If an individual’s numbers are above the median
income, it is important to have an experienced attorney who can argue the “means
test” numbers and still have the case eligible for the Chapter 7 New Mexico bankruptcy.
Many debts and circumstances are able to be taken into account and classified as
valid deducted from the individual’s “income” to give a new income level that will
qualify for all the benefits of a chapter 7 case.
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