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There is no limit to the amount of income you can earn while you're bankrupt.
Using this concept, if you find yourself exceeding the 42% range, you may be running into trouble. If you have incurred large amounts of credit card, medical, or personal debts, you are even more likely a good candidate to file for bankruptcy if you exceed this 42-50% or greater range.
If your total monthly income over the course of the next 60 months is less than $7,475 then you pass the means test and you may file a Chapter 7 bankruptcy. If it is over $12,475 then you fail the means test and don't have the option of filing Chapter 7.
Filing Must reside, have a domicile, a place of business or property in the United States or municipality. Must have regular and disposable income. Unsecured debts are less than $465,275 and secured debts are less than $1,395,875. Must not have had a bankruptcy petition dismissed for cause within the last 180 days.
This formula takes a look at the amount of disposable income compared to the level of unsecured debt. If the debtor's disposable income, projected for a five-year period, is more than 25 percent of the total unsecured debt, the debtor will likely be denied a Chapter 7 filing.
File Your Forms With the Maryland Bankruptcy Court Filing Your Forms In Person at the Clerk's Office. The District of Maryland bankruptcy court has clerks' offices in two locations: Baltimore and Greenbelt. ... Filing Your Forms Via Mail. ... Filing Your Forms Online.
You can view and print documents at the public computer terminals in the courthouse at a charge of $0.10 per page. Court staff can print copies for you at a charge of $0.50 per page. If you cannot come to the courthouse, the court can mail you a copy at a charge of $0.50 per page.