You really need to speak with a bankruptcy attorney. Most will give you an evaluation and let you know whether bankruptcy is right for you at no charge. Please don't hesitate to contact my office.Ask a similar question
Income is not the factor that an attorney must consider in determining a client's eligibility for chapter 7 relief. However, the only way to get an answer you can rely on is to sit down with an experienced bankruptcy attorney, provide them the information that they need, and let them see what relief is available in your particular situation. You should not simply assume that because you're over the state's median income that you are not eligible for chapter 7 relief. You should also not assume that simply because your debt/income ratio is 140%, you are entitled to chapter 7 relief.
Meet with a lawyer now. The sooner you do so, the sooner you'll know for sure what your options are.
Bill McLeodAsk a similar question