How much would I have to earn for income for a court to try to convert a Chapter 7 bankruptcy to a Chapter 13 bankruptcy?
A. Use this for a quick answer, but each case will be a bit more complex. If you look at your income minus your expenses each month and you have less than $100 per month left over you should be OK filing a Chapter 7 bankrupty. For expenses use your regular budget, you do not need to use the special “shoe string” budget you have been forced to live with when things were at their worst. On the other hand do not expect to have luxuries like privite school of expensive vacations to be allowed as expenses.
