Bankruptcy Means Test Numbers Change

Median income figures for each state, which help determine eligibility for Chapter 7 bankruptcy, changed on March 15, 2011. The new median income figures can be found on the website of the U.S. Trustee, here: www.justice.gov/ust/eo/bapcpa/20110315/bci_data/median_income_table.htm. If you want to compare these numbers to the previous median income figures, check out the figures in force from November 10, 2010 to March 14, 2011, here: www.justice.gov/ust/eo/bapcpa/20101101/bci_data/median_income_table.htm. Comparing your income to the state median income figures is the first step in the bankruptcy means test. If your income is below the state median income, you don't have to complete additional steps in the means test.

In addition, the Department of Justice has adjusted some of the predetermined expense dollar amounts used in the bankruptcy means test itself. Those new amounts also effective on March 15, 2011. You can find the new expense dollar figures here: www.justice.gov/ust/eo/bapcpa/20110315/meanstesting.htm. Scroll down and click on the national standards for food, clothing, health care, and other expenses. You can also find local standards for housing, utilities, and transportation (youll have to enter your state into the field to get the correct numbers). If you want to compare these numbers to previous numbers, you can check out the expense amounts in effect from November 10, 2010 through March 14, 2011, here: www.justice.gov/ust/eo/bapcpa/20101101/meanstesting.htm.

Our means test calculator always includes the latest median income figures; once you enter your information on income and expenses, the calculator will determine whether you pass the means test using the most recent means test figures.

To learn more about the bankruptcy means test, read Nolo's article The Bankruptcy Means Test: Are You Eligible for Chapter 7 Bankruptcy?