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9 January, 10:39

Jerry lives in New Mexico and makes $52,000 a year. If the median annual income in New Mexico is $53,731 and the median annual income in the United States as a whole is $50,233, is Jerry likely to qualify for Chapter 7 bankruptcy?

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  1. 9 January, 13:24
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    Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.
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