Bankruptcy FAQ: New Median Income Figures for New Jersey Bankruptcy Cases Effective April 1, 2018

The U.S. Trustee Program has announced new Means Testing Data for Bankruptcy Cases.

The median income for each family size for a Debtor (or married Debtors) to qualify for a Chapter 7 New Jersey Bankruptcy Case for cases filed on or after April 1, 2018 is as follows:

Family Size of 1:  $66,284

Family Size of 2:  $81,054

Family Size of 3:  $98,174

Family Size of 4:  $121,226

More information can be found here.

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

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