question on federal poverty 150%????
Wed, 02/11/2009 16:14
I don't understand this part. It says in the bankruptcy laws for chapter 7 that if your income is at or below 150% of the federal poverty level then you can sign a waiver and the filing is free.
How do I figure this out? Lets say that the federal poverty level is $1,300 and my income is $1,500. 150% of 1,300 is $1,950. Would that mean that I could sign the waiver and file for free?
Could someone explain this if I am wrong please?