Justice Department Announces New Means Testing Figures

November 26, 2013

The United States Trustee Program, a component of the Department of Justice, recently released new median income information to be used in determining bankruptcy eligibility. The bankruptcy means test is meant to identify individuals and families with higher incomes and encourage repayment of debts. Debtors with a family income above their state’s median income for that family size must complete additional testing to qualify for Chapter 7 bankruptcy or to calculate monthly disposable income paid during Chapter 13. Those below the state median income are immediately eligible for Chapter 7 bankruptcy.

In many states the median income levels have dropped, making it easier to avoid payment to unsecured creditors in either Chapter 7 or Chapter 13 bankruptcy. The new state median incomes per family size are listed below which is found at the UST website. If you or a loved one is considering filing bankruptcy please contact the experienced attorneys at Fears Nachawati for a free consultations or further questions. You can contact us by calling 1.866.705.7584 or sending an email to fears@fnlawfirm.com.

 

FAMILY SIZE

STATE

1 EARNER

2 PEOPLE

3

PEOPLE

4

PEOPLE *

ALABAMA

$39,768

$48,770

$51,621

$66,434

ALASKA

$53,489

$76,118

$82,377

$85,581

ARIZONA

$41,993

$55,022

$56,503

$64,604

ARKANSAS

$37,081

$46,495

$50,755

$58,333

CALIFORNIA

$47,798

$62,009

$66,618

$75,111

COLORADO

$50,242

$65,701

$71,138

$83,330

CONNECTICUT

$60,403

$72,761

$86,254

$104,670

DELAWARE

$51,711

$62,350

$68,439

$85,806

DISTRICT OF COLUMBIA

$45,793

$89,233

$89,233

$101,582

FLORIDA

$41,334

$51,839

$53,952

$63,196

GEORGIA

$40,631

$52,610

$55,829

$68,085

HAWAII

$52,975

$65,708

$80,618

$83,538

IDAHO

$40,303

$51,105

$52,366

$59,971

ILLINOIS

$47,536

$61,253

$70,014

$81,680

INDIANA

$41,250

$51,926

$61,021

$71,113

IOWA

$42,346

$58,057

$64,027

$76,173

KANSAS

$43,793

$57,502

$65,394

$72,453

KENTUCKY

$40,633

$47,788

$53,639

$67,839

LOUISIANA

$38,639

$49,078

$53,768

$68,890

MAINE

$40,560

$53,979

$61,702

$72,841

MARYLAND

$58,202

$75,992

$86,655

$105,685

MASSACHUSETTS

$55,794

$69,569

$84,269

$105,299

MICHIGAN

$44,072

$52,540

$61,110

$74,863

MINNESOTA

$48,876

$64,454

$77,579

$90,945

MISSISSIPPI

$35,306

$44,149

$44,149

$51,140

MISSOURI

$40,994

$51,421

$57,468

$72,230

MONTANA

$40,419

$55,715

$60,107

$69,954

NEBRASKA

$41,866

$59,564

$61,380

$73,402

NEVADA

$41,054

$55,349

$55,349

$61,732

NEW HAMPSHIRE

$52,588

$67,408

$82,656

$97,499

NEW JERSEY

$60,317

$70,150

$85,575

$103,946

NEW MEXICO

$38,914

$49,538

$50,548

$55,184

NEW YORK

$47,414

$59,631

$70,151

$83,614

NORTH CAROLINA

$40,736

$51,662

$55,049

$66,147

NORTH DAKOTA

$44,098

$61,172

$72,041

$87,154

OHIO

$43,057

$53,075

$60,679

$76,381

OKLAHOMA

$39,749

$51,097

$55,641

$64,916

OREGON

$44,779

$55,568

$60,693

$70,812

PENNSYLVANIA

$47,119

$55,872

$70,092

$81,961

RHODE ISLAND

$48,651

$61,510

$74,720

$91,592

SOUTH CAROLINA

$39,301

$48,891

$54,010

$62,490

SOUTH DAKOTA

$39,040

$56,899

$60,259

$75,267

TENNESSEE

$39,759

$48,053

$56,042

$62,805

TEXAS

$41,354

$56,296

$59,567

$68,566

UTAH

$49,347

$57,734

$65,311

$70,176

VERMONT

$43,772

$60,346

$67,388

$79,128

VIRGINIA

$51,817

$65,510

$75,774

$90,945

WASHINGTON

$52,996

$63,409

$72,286

$84,970

WEST VIRGINIA

$42,415

$45,284

$54,229

$65,442

WISCONSIN

$43,958

$57,903

$67,808

$80,198

WYOMING

$51,116

$65,237

$70,319

$76,120

* Add $8,100 for each individual in excess of 4.

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