[phony_identity]

Yes, the new bankruptcy system tries to eliminate that option for people making more than the average. It's an extremely bad reform, as it hits higher income people trying to take risks and build businesses.

Here's what to do if you're caught in that: decide to declare bankruptcy, then figure out a way to establish a six month period with your income below your state's average. Quit your job, stop paying yourself a salary from your company, whatever. If you've got to feed a family, make a mortgage, pay for your kids college tuition and otherwise support an above state average lifestyle for people you love... I don't know. Consult a good bankruptcy lawyer, and if they don't have a solution for you, ask them directly for a recommendation of a lawyer who will help you to beat this system.