The U.S. Trustee Program has announced new Means Testing Data for Bankruptcy Cases.  The median income for each family size for a Chapter 7 New Jersey Bankruptcy Case for cases filed on or after April 1, 2013 is as follows:

NEW JERSEY $61,146 $69,697 $85,016 $103,786

 

More information can be found here.

Remember it is always important to review this information with an experienced bankruptcy attorney.

Subscribe to our Email Newsletter

Subscribe Now

Recent Posts

Chapter 7 Bankruptcy Case Analysis
A recent case out of a Bankruptcy Court in Massachusetts highlights some important rights and restraints of a Chapter 7 Bankruptcy Trustee. In In re Deveau, (Bankr. E.D. Mass. 12/19/19), Case No. 15-13300, the Bankruptcy Judge, Hon. Frank J. Bailey, was faced with a complicated set of facts and a Chapter 7 Trustee who sought the Court's approval of a potential settlement of a claim. The Judge ultimately did not approve a settlement between the Trustee with an insurance carrier who had previously denied coverage to the debtor.