Median Income Increased In Pennsylvania. Do you qualify to file Bankruptcy?

Are you thinking about eliminating or restructuring your debt through bankruptcy? Do you qualify? As of November 1, 2016, the median income data for Pennsylvania has increased. This median income data is used to determine whether or not a debtor qualifies for a Chapter 7 Bankruptcy. In a Chapter 13 case, the median income is used to determine the commitment period and disposable income of debtors in a Chapter 13 Bankruptcy.

For cases filed in Pennsylvania after November 1, 2016, here is the updated median income data:

For each additional member of your household add an additional $8,400.

Are you considering bankruptcy? The Mays Law Firm can help you determine if you qualify. Call (215) 792-4321 to schedule a free consultation.