The increase represents a change of slightly more than 1% across all states and territories; however, actual amounts vary. For instance, the median income for a single person is now as follows (states selected for illustrative purposes only):
Filers must use the data to complete the means test in Chapter 7 bankruptcy. The means test determines whether you’re financially qualified to receive a discharge. The data also helps determine the length of a Chapter 13 repayment plan.
To access the figures for your state, visit the U.S. Trustee Program website and select “Means Testing Information.” Scroll down to the middle of the page to the box entitled “Data Required for Completing the 122A Forms and the 122C Forms.” Use the drop-down menu to select “4/1/2017 and after.” Click on the “Census Bureau Median Family Income By Family Size” link.
For additional information, read Chapter 7 Means Test: Comparing Your Income to the State Median Income. Median income information can change throughout the year. Check the U.S. Trustee Program site for the most recent figures.