Consumer Faces Bankruptcy Decision With $125,000 In Credit Card Debt And $17,000 Monthly Income
A consumer carrying $125,000 in credit card debt is weighing bankruptcy options while receiving $17,000 per month in combined income that includes disability payments. The central question involves whether that level of monthly income, partly drawn from disability benefits, could complicate or disqualify a bankruptcy filing. Bankruptcy law in the United States distinguishes between different…