The Vaughns make 58 000 a year and live in Florida which has a median annual income of 47 778 If their monthly expenses amount

Question

The Vaughns make 58 000 a year and live in Florida which has a median annual income of 47 778 If their monthly expenses amount to 4600 per month do they qualify for Chapter 7 bankruptcy OA Yes the Vaughns qualify because their yearly income is above the median annual income of Florida The means test is irrelevant in this case B Yes the Vaughns qualify because their yearly income is above the median annual income of Florida They are eligible according to the means test O C C No the Vaughns do not qualify because their yearly income is above the median annual income of Florida They are ineligible according to the means test

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