Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - Bankruptcy - household income - I am confused? - I am 28 years old and am going to file bankruptcy in 2 months. My parents loaned me 20k about a year ago, and I paid them right back, hence why I have to wait 12 months to file from when I gave money to my parents.
I live with my parents and pay them 1000 a month (Always have while I lived with them). All of my bills including car payments (excluding any of the loans I am going to file on) come up to about 1700 a month. I make about 32k a year, and just have enough money to make it they way I am now.
I am filing bankruptcy on about 100k total, all personal loans and credit cards. I incurred all of this debt over the years, mostly from medical bills, and then me trying to take loans out thinking that I would be able to make it and got in over my head. I lived on my own, but moved back in with my parents about 6 months ago.
Now I am well below the median test for Chapter 7 in my state. However, I am confused on this household income. If you include my parents income, it is WELL above the state median for the number in the household. This doesn't seem right as I am paying them, and they are doing little to anything for me. I buy everything from my own food too everything else. Just like I am living with roommates. Is this all true I have to include my parents income? -