Too much income for CH 7 nothing left over for CH 13

[mdg72874]

This is probably a simple question to most of you but after my first free consult. I got home and went through everything with my wife and it looks like this. Just reading all the info on here it looks like we make too much (100k) to qualify for ch 7 but when you add up all of our expenses i'm running negative cash flow( roughfly 2k) each month since my wife lost her job and my pay has been reduced. This being the case how can I qualify for Ch13 if there is nothing left to pay a trustee at the end of the month. I know i've not gotten into specifics but any general directions would be appreciated

[UpsideDownMI]

It is hard to say without having any info about the details of your expenses. Do your expenses include any secured property that you can surrender in bk?

[mdg72874]

just my home which I haven't made a payment on this year

[liz417]

You could wait until the decrease in incomes in both you and your wife's pay reflect your (new) actual income, then file a ch 7. With that being said, just because you are over the median income, doesn't mean you won't qualify for a ch 7. I am $21k over the median and was recently discharged in a ch 7. It's all about your expenses. Now, are you using the IRS standards as a guideline for your expenses?