A: High income does not bar an individual from filing for bankruptcy. It may be taken into consideration when seeking to qualify for a chapter 7 bankruptcy. However, high income does not necessarily mean one has high disposable income. A typical high wage earner has high expenses. This means that a high wage earner may not be in a better financial position than a low wage earner and could qualify for bankruptcy protection.
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Attorney Roger J. Yehl has been achieving successful outcomes
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