May 1, 2018
The Internal Revenue Service expense figures and Census Bureau data used when filing Chapter 7 and Chapter 13 bankruptcies will change on May 1, 2018. All debtors filing cases after May 1, 2018, must use the new data when completing the following bankruptcy forms:
- Form 122A-1 – Chapter 7 Statement of Your Current Monthly Income
- Form 122A-2 – Chapter 7 Means Test Calculation
- Form 122C-1 – Chapter 13 Statement of Your Current Monthly Income and Calculation of Commitment Period
- Form 122C-2 – Chapter 13 Calculation of Your Disposable Income
Follow these steps to find the new figures on the U.S. Trustee's website:
- Click "Means Testing Information" in the left navbar.
- Select "5/1/2018" from the drop-down menu in the "Data Required for Completing the 122A Forms and the 122C Forms" box.
On the new page, you'll find links to the following:
- income figures used to determine whether a filer qualifies for a discharge in a Chapter 7 bankruptcy and a Chapter 13 bankruptcy payment plan amount, and
- national and local standard expense figures.
These amounts change regularly during the year. Filers should ensure that they're using current figures before filing a bankruptcy case.
Effective date: May 1, 2018