At what point does someone decide that Chapter 13 bankruptcy is a suitable or best option for them?
Brad Weil: One of the requirements of Chapter 13 is that you have to have disposable income. So, for a lot of people, that will be the deciding factor because you are going to have to make a bankruptcy plan payment to a court appointed trustee. The trustees that I’ve spoken to basically had a rule of thumb that a plan payment had to be a minimum of $100 a month. So, what that basically means is you have to have a minimum of $100 a month of disposable income, and disposable income is the difference between your income and your expenses.