The story begins with a new client we will call Mr. Smith. He comes into your office and explains that he has a substantial amount of debt, but also earns a very substantial income and has no dependents.

He also insists on filing for Chapter 7, as he has heard a friend of his who also earns a substantial amount of income filed for Chapter 7 and received a discharge absolving them of all debt.

Is what’s good for the goose, good for the gander? More…