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Bergen County, NJ Bankruptcy Blog
Tuesday, May 12, 2015
Under the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, a consumer having a high income may find it more difficult to qualify for a chapter 7 bankruptcy. What's higher income? As of the writing of this blog, in the state of New Jersey, a single person can qualify by having annualized earnings of $60,265 or less, while a married couple may be limited to $70,845. For a family of 4, that amount would have to be $89,413 or less to qualify. The annualized income is determined by taking the last six calendar month's income, and multiplying by two. Read more . . .
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The attorneys of Murano & Roth, LLC assist clients throughout Bergen County and northern New Jersey including Oradell, Emerson, New Milford, Paramus, River Edge, Dumont, Haworth, Bergenfield, Westwood, Cresskill, Hillsdale, Harrington Park, Maywood, Demarest, Closter, Rochelle Park, Tenafly, Teaneck, Fair Lawn, Hackensack, Ridgewood, Saddle Brook, Teterboro, Glen Rock, Norwood, Englewood, Ho Ho Kus, Woodcliff Lake, Elmwood Park, Park Ridge, Northvale and Lodi.
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