2020 Changes to Bankruptcy Means Test Median Family Income Amounts

The new bankruptcy median family income figures change on November 1, 2020.

Filers use the amounts to complete the means test to determine a filer's Chapter 7 discharge qualifications and calculate a Chapter 13 repayment plan. The figures change each year and vary widely between states, as shown by the following increases (figures include single filer amounts only):

• Alabama $49,191 ($1,511 increase)
• Hawaii $71,514 ($6,711 increase)
• Minnesota $61,811 ($4,794 increase)
• Texas $52,308 ($2,312 increase)
• Washington $70,194 ($3,885increase)

All debtors filing cases after November 1, 2020, will use the figures below. Figures for families of two or more people are posted on the U.S. Trustee's website and can be found by following these steps:

• Select "Means Testing Information" from the menu on the left of the page.
• Scroll down to the box entitled "Data Required for Completing the 122A Forms and the 122C Forms."
• Use the drop-down menu to select "11/1/2020 and after."
• Click on the "Census Bureau Median Family Income By Family Size" link.

Learn more in Chapter 7 Means Test: Comparing Your Income to the State Median Income.

Effective date: November 1, 2020