Bankruptcy law does not set a single nationwide "maximum income" that cuts you off from relief. Instead, it asks a more ...

Income limits vary by bankruptcy type, state, and household size, but they're typically higher than people expect.

In a Chapter 7 bankruptcy, creditors can seize certain assets to repay the debts you owe. However, exceptions allow debtors to retain some of their assets (or at least part of the asset’s value).