Chad lives in California and makes $59,500 a year. If the median annual income is $61,021 in California and $50,233 in the United States as a whole, is Chad likely to qualify for Chapter 7 bankruptcy?

A. No, Chad is not likely to qualify, because his yearly income is above the median annual income of the United States as a whole.

B. Yes, Chad is likely to qualify, because his yearly income is below the median annual income of California.

C. No, Chad is not likely to qualify, because his yearly income is below the median annual income of California.

D. Yes, Chad is likely to qualify, because his yearly income is above the median annual income of the United States as a whole.

Question

Shyla Lewis

11 January, 03:49

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Answers (1)

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Pongo · Answer 1

Yes, Chad is likely to qualify, because his yearly income is below the median annual income of California.