November 1, 2017
The median family income figures used to determine bankruptcy qualification and establish payment plan amounts have changed. All debtors filing cases after November 1, 2017, must use the new data.
You can find the new figures on the U.S. Trustee’s website by following these steps:
The income figures determine whether a filer qualifies for a discharge in a Chapter 7 bankruptcy. A filer must also use the information to determine a payment plan amount in a Chapter 13 bankruptcy.
The changes vary widely depending on the particular state. For instance, the median income for a single person in select states has changed as follows:
Median income information changes regularly. It’s important to verify data against the most recent figures posted on the U.S. Trustee site.
Effective date: November 1, 2017