Jamal earns a salary of $30,000 a year as a sales rep resentative. He is married with two children in high school. In addition to his salary, he earns a 10 per cent commission on what he sells. Over the past five years, Jamal earned annual commissions of $80,000 to

$100,000. During this time, he purchased a $75,000 Cadillac and a $45,000 boat, and he incurred credit card debt totaling $55,000. In the past six months, Jamal made only $10,000 in commissions, and he still owes $50,000 on the Cadillac and $30,000 on the boat. In all, he owes $135,000 to creditors. Jamal can not pay his debts as they become due, and it does not appear that his financial situation will improve over the next two years in light of limited job prospects.

As a result, he is thinking about filing for bankruptcy.

If the median income in Jamal’s state is $52,000 a year, would he be able to obtain a Chapter 7 liquida tion? Why or why not?