qualified for Chapter 7 bankruptcy<\/a>. In contrast, if the income of your family exceeds the median income, you may still be qualified to pass the means test after you submit a detailed record of your payments made on secured debts and other standard expenses including food, housing, childcare, and transportation.<\/span><\/p>\nAs of May 2019, the median income in Mississippi for a single household is $42,183, while for a three-member family it is $56,566. However, this value may be subject to change.<\/span><\/p>\nIn Chapter 13 bankruptcy, you may pay back some or the full amount of what you owe under a three-year repayment plan if your income exceeds the limits of Chapter 7. The most important factor to consider in filing Chapter 13 is sufficient monthly income to wipe out your debts. The bankruptcy payment plan for Chapters 7 and 13 is calculated similarly. You are required to pay the non-exempt property value and the amount of your non-dischargeable debt.<\/span><\/p>\nOnce you have completed all the requirements, you may submit the bankruptcy filing to either the Northern or Southern district bankruptcy courts in Mississippi. You may opt to file in your hometown or the district where you reside for the past 180 days before the bankruptcy filing.<\/span><\/p>\nThe bankruptcy process is generally complicated and time-consuming. It has to be done systematically and accurately to avoid errors. You need to make sure that all your personal and financial information is declared in your application. When you file a bankruptcy, it is advisable to <\/span>seek legal advice from our experienced Columbus bankruptcy lawyers<\/span><\/a> at Rollins Law Firm. Our competent bankruptcy attorneys are going to help you achieve a debt-free life.<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":3440,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/posts\/3438"}],"collection":[{"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/comments?post=3438"}],"version-history":[{"count":2,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/posts\/3438\/revisions"}],"predecessor-version":[{"id":4953,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/posts\/3438\/revisions\/4953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/media\/3440"}],"wp:attachment":[{"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/media?parent=3438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/categories?post=3438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.therollinsfirm.com\/wp-json\/wp\/v2\/tags?post=3438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}