Chapter 7 Median Income Comparison Updates
A heads up to all bankruptcy lawyers when filing Chapter 7 bankruptcy cases on or after October 1, 2008: updates have been made to the median family income by family size data for the first part of the means test.
Here's what you'll soon need to refer to when comparing future Chapter 7 client family income data to the average income data of a family of the same size in your state:
You can also check out these updated median income figures at the U.S. Trustee Web site: Census Bureau Median Family Income By Family Size.
